Bradley Foster & Sargent Inc. CT increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 27.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,257 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,122 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Teledyne Technologies were worth $3,081,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its holdings in shares of Teledyne Technologies by 874.5% in the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock valued at $970,000 after acquiring an additional 1,749 shares during the period. Empowered Funds LLC increased its holdings in shares of Teledyne Technologies by 78.6% in the 1st quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock valued at $772,000 after acquiring an additional 683 shares during the period. Focus Partners Wealth raised its position in Teledyne Technologies by 48.4% in the 1st quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock valued at $416,000 after purchasing an additional 272 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in Teledyne Technologies by 23.5% during the 2nd quarter. Wealthfront Advisers LLC now owns 2,515 shares of the scientific and technical instruments company’s stock worth $1,288,000 after purchasing an additional 479 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Teledyne Technologies by 1.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,545 shares of the scientific and technical instruments company’s stock worth $5,915,000 after purchasing an additional 182 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.
Teledyne Technologies Trading Down 0.8%
Shares of TDY opened at $678.01 on Thursday. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $691.87. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $31.40 billion, a P/E ratio of 35.85, a PEG ratio of 3.39 and a beta of 1.01. The firm’s 50-day moving average is $591.12 and its two-hundred day moving average is $556.34.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Morgan Stanley began coverage on Teledyne Technologies in a report on Wednesday, January 21st. They set an “equal weight” rating and a $620.00 price target on the stock. Stifel Nicolaus upped their price objective on Teledyne Technologies from $645.00 to $720.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a research report on Monday, December 29th. Finally, Barclays lifted their target price on Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $643.67.
Get Our Latest Report on Teledyne Technologies
Insiders Place Their Bets
In other Teledyne Technologies news, Director Michael T. Smith sold 2,469 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $621.00, for a total value of $1,533,249.00. Following the sale, the director owned 47,328 shares of the company’s stock, valued at approximately $29,390,688. This represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jason Vanwees sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $630.46, for a total value of $1,576,150.00. Following the completion of the transaction, the insider owned 2,644 shares of the company’s stock, valued at approximately $1,666,936.24. This represents a 48.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,500 shares of company stock worth $7,214,750. 1.50% of the stock is owned by company insiders.
Teledyne Technologies Company Profile
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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