Ballentine Partners LLC Purchases Shares of 488 Teledyne Technologies Incorporated (NYSE:TDY)

Ballentine Partners LLC acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 488 shares of the scientific and technical instruments company's stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Covea Finance boosted its stake in shares of Teledyne Technologies by 25.1% during the 4th quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company's stock valued at $9,932,000 after buying an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Teledyne Technologies by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company's stock valued at $503,338,000 after acquiring an additional 64,617 shares during the last quarter. Verition Fund Management LLC grew its holdings in Teledyne Technologies by 240.5% during the 3rd quarter. Verition Fund Management LLC now owns 36,524 shares of the scientific and technical instruments company's stock worth $15,985,000 after acquiring an additional 25,796 shares in the last quarter. West Oak Capital LLC increased its position in shares of Teledyne Technologies by 4,721.8% in the 4th quarter. West Oak Capital LLC now owns 11,283 shares of the scientific and technical instruments company's stock worth $5,237,000 after purchasing an additional 11,049 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Teledyne Technologies by 217.5% in the 3rd quarter. National Bank of Canada FI now owns 53,819 shares of the scientific and technical instruments company's stock valued at $23,554,000 after purchasing an additional 36,867 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TDY shares. UBS Group initiated coverage on Teledyne Technologies in a report on Tuesday, December 10th. They issued a "buy" rating and a $585.00 price target for the company. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, November 11th. TD Cowen lifted their price target 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. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. Finally, Bank of America upgraded Teledyne Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $531.00.

Insider Transactions at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 46,075 shares of Teledyne Technologies stock in a transaction on Monday, November 11th. The stock was sold at an average price of $487.33, for a total value of $22,453,729.75. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Jason Vanwees sold 1,500 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $488.71, for a total value of $733,065.00. Following the sale, the insider now directly owns 2,900 shares of the company's stock, valued at approximately $1,417,259. This represents a 34.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,525 shares of company stock valued at $26,080,464 in the last quarter. Insiders own 2.14% of the company's stock.

Teledyne Technologies Stock Performance

Shares of TDY traded down $0.08 during trading hours on Friday, reaching $515.00. 333,459 shares of the company's stock traded hands, compared to its average volume of 194,919. The firm has a market capitalization of $24.00 billion, a price-to-earnings ratio of 29.89, a P/E/G ratio of 3.24 and a beta of 1.01. The business's fifty day simple moving average is $473.74 and its two-hundred day simple moving average is $447.76. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $518.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.35.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.23 by $0.29. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1,451,400 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.44 earnings per share. Analysts predict that Teledyne Technologies Incorporated will post 21.3 earnings per share 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.