Cerity Partners LLC Boosts Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Cerity Partners LLC boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 30.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,383 shares of the scientific and technical instruments company's stock after acquiring an additional 3,838 shares during the period. Cerity Partners LLC's holdings in Teledyne Technologies were worth $7,170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC bought a new position in shares of Teledyne Technologies in the third quarter worth $27,000. American National Bank purchased a new stake in Teledyne Technologies in the second quarter valued at approximately $28,000. Innealta Capital LLC bought a new stake in Teledyne Technologies during the second quarter valued at approximately $28,000. Tortoise Investment Management LLC grew its stake in Teledyne Technologies by 48.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company's stock worth $29,000 after buying an additional 24 shares in the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of Teledyne Technologies by 319.0% in the 2nd quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company's stock worth $34,000 after buying an additional 67 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Trading Up 1.4 %

Shares of NYSE:TDY traded up $6.65 on Thursday, reaching $485.68. 201,541 shares of the company traded hands, compared to its average volume of 242,628. The stock has a market capitalization of $22.63 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 3.31 and a beta of 1.01. The business's 50-day simple moving average is $459.04 and its 200 day simple moving average is $424.04. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $492.00.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company posted $5.05 earnings per share. The business's revenue was up 2.9% on a year-over-year basis. As a group, equities analysts anticipate that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was 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 owns 171,802 shares of the company's stock, valued at $83,724,268.66. This represents a 21.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TDY shares. Bank of America upgraded shares of Teledyne Technologies from a "neutral" rating to a "buy" rating and upped their target price for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. TD Cowen upped their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC boosted their target price on Teledyne Technologies from $528.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $517.50.

About Teledyne Technologies

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.