Cohen Capital Management Inc. Buys 4,412 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Cohen Capital Management Inc. boosted its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 58.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,952 shares of the scientific and technical instruments company's stock after buying an additional 4,412 shares during the period. Cohen Capital Management Inc.'s holdings in Teledyne Technologies were worth $5,547,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Bradley Foster & Sargent Inc. CT boosted its position in shares of Teledyne Technologies by 1.4% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,130 shares of the scientific and technical instruments company's stock valued at $1,917,000 after purchasing an additional 59 shares in the last quarter. ING Groep NV lifted its stake in Teledyne Technologies by 144.9% in the fourth quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company's stock valued at $2,763,000 after buying an additional 3,522 shares during the period. Cardinal Capital Management boosted its holdings in shares of Teledyne Technologies by 0.6% during the 4th quarter. Cardinal Capital Management now owns 7,389 shares of the scientific and technical instruments company's stock worth $3,429,000 after buying an additional 43 shares in the last quarter. Northstar Asset Management Inc. boosted its holdings in shares of Teledyne Technologies by 4.2% during the 4th quarter. Northstar Asset Management Inc. now owns 870 shares of the scientific and technical instruments company's stock worth $404,000 after buying an additional 35 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Teledyne Technologies by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,147 shares of the scientific and technical instruments company's stock worth $3,317,000 after buying an additional 293 shares during the period. Institutional investors own 91.58% of the company's stock.

Insider Activity at Teledyne Technologies

In related news, VP Cynthia Y. Belak sold 5,745 shares of the firm's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the transaction, the vice president now directly owns 4,962 shares of the company's stock, valued at $2,522,383.08. This trade represents a 53.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael T. Smith sold 2,025 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the transaction, the director now owns 54,935 shares in the company, valued at approximately $26,272,663.75. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,190 shares of company stock valued at $16,386,864 over the last 90 days. Insiders own 1.88% of the company's stock.

Teledyne Technologies Stock Up 0.1 %

TDY traded up $0.64 during trading on Wednesday, hitting $501.07. 198,527 shares of the company's stock were exchanged, compared to its average volume of 244,409. The stock has a market cap of $23.47 billion, a P/E ratio of 29.08, a PEG ratio of 3.14 and a beta of 1.03. The business's 50 day moving average is $486.23 and its two-hundred day moving average is $462.87. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $522.50. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping analysts' consensus estimates of $5.23 by $0.29. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.44 EPS. As a group, equities analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TDY has been the topic of several research analyst reports. Bank of America raised shares of Teledyne Technologies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Needham & Company LLC reissued a "buy" rating and set a $585.00 price objective on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Finally, UBS Group assumed coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a "buy" rating and a $585.00 target price for the company. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of "Buy" and a consensus target price of $538.00.

Teledyne Technologies 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.