Edmond DE Rothschild Holding S.A. Has $76.67 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Edmond DE Rothschild Holding S.A. lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 165,190 shares of the scientific and technical instruments company's stock after buying an additional 17,909 shares during the quarter. Teledyne Technologies makes up 1.3% of Edmond DE Rothschild Holding S.A.'s portfolio, making the stock its 15th biggest position. Edmond DE Rothschild Holding S.A. owned approximately 0.35% of Teledyne Technologies worth $76,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brooklyn Investment Group acquired a new stake in shares of Teledyne Technologies in the 3rd quarter worth about $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Teledyne Technologies in the third quarter worth $39,000. Millstone Evans Group LLC acquired a new position in shares of Teledyne Technologies during the fourth quarter valued at $42,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Teledyne Technologies during the fourth quarter valued at about $46,000. Finally, Tortoise Investment Management LLC lifted its holdings in Teledyne Technologies by 63.2% in the fourth quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company's stock worth $58,000 after purchasing an additional 48 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Trading Up 0.4 %

TDY traded up $1.83 during trading on Wednesday, reaching $500.16. The company had a trading volume of 207,510 shares, compared to its average volume of 254,643. The firm's 50-day simple moving average is $501.88 and its 200 day simple moving average is $476.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The company has a market cap of $23.43 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50.

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Teledyne Technologies (NYSE:TDY - Get Free Report) last released its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.23 by $0.29. The business had revenue of $1.50 billion for 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%. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $5.44 earnings per share. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Insider Activity

In related news, Chairman Robert Mehrabian sold 5,768 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $518.22, for a total transaction of $2,989,092.96. Following the transaction, the chairman now directly owns 144,553 shares of the company's stock, valued at approximately $74,910,255.66. The trade was a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO George C. Bobb III sold 6,308 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the completion of the sale, the chief operating officer now owns 10,482 shares of the company's stock, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,571 shares of company stock worth $17,709,721. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TDY has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $585.00 price objective on shares of Teledyne Technologies in a research note on Wednesday, February 5th. UBS Group started coverage on Teledyne Technologies in a report on Tuesday, December 10th. They issued a "buy" rating and a $585.00 price objective for the company. Finally, Bank of America lifted their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies currently has an average rating of "Buy" and a consensus price target of $548.00.

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.