677 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Bought by Caprock Group LLC

Caprock Group LLC purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 677 shares of the scientific and technical instruments company's stock, valued at approximately $314,000.

Other institutional investors have also modified their holdings of the company. Wolff Wiese Magana LLC bought a new position in Teledyne Technologies during the 3rd quarter worth about $27,000. Brooklyn Investment Group acquired a new position in shares of Teledyne Technologies during the third quarter worth about $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Teledyne Technologies during the third quarter worth about $39,000. Exchange Traded Concepts LLC raised its position in Teledyne Technologies by 432.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company's stock valued at $58,000 after buying an additional 108 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its stake in Teledyne Technologies by 85.5% in the 4th quarter. Salem Investment Counselors Inc. now owns 230 shares of the scientific and technical instruments company's stock valued at $107,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 2,025 shares of Teledyne Technologies stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $478.25, for a total transaction of $968,456.25. Following the completion of the transaction, the director now directly owns 54,935 shares of the company's stock, valued at $26,272,663.75. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Robert Mehrabian sold 46,075 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the completion of the transaction, the chairman now directly owns 171,802 shares in the company, valued at $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,258 shares of company stock worth $36,285,371. 1.88% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, October 24th. UBS Group assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They issued a "buy" rating and a $585.00 price target on the stock. Bank of America raised shares of Teledyne Technologies from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $585.00 price objective on shares of Teledyne Technologies in a report on Wednesday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $538.00.

Teledyne Technologies Stock Performance

NYSE TDY opened at $510.60 on Friday. The firm's fifty day moving average price is $479.48 and its two-hundred day moving average price is $453.81. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $522.50. The firm has a market capitalization of $23.79 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 3.21 and a beta of 1.02. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.23 by $0.29. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies's revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $5.44 EPS. As a group, research analysts anticipate that Teledyne Technologies Incorporated will post 21.51 EPS for the current year.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.

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