EULAV Asset Management Has $10.59 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

EULAV Asset Management lowered its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 34.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,200 shares of the scientific and technical instruments company's stock after selling 12,800 shares during the quarter. EULAV Asset Management owned about 0.05% of Teledyne Technologies worth $10,591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Teledyne Technologies by 17.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company's stock valued at $480,355,000 after buying an additional 186,849 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Teledyne Technologies by 235.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company's stock valued at $48,593,000 after acquiring an additional 87,925 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Teledyne Technologies by 44,457.2% during the 3rd quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company's stock worth $32,372,000 after purchasing an additional 73,799 shares in the last quarter. Millennium Management LLC increased its position in shares of Teledyne Technologies by 88.4% in the second quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company's stock worth $49,565,000 after purchasing an additional 59,942 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Teledyne Technologies by 3.2% in the first quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company's stock valued at $676,041,000 after purchasing an additional 48,397 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TDY has been the topic of several recent analyst reports. Bank of America raised shares of Teledyne Technologies from a "neutral" rating to a "buy" rating and raised their target price for the company from $450.00 to $550.00 in a report on Friday, November 8th. Needham & Company LLC upped their target price on Teledyne Technologies from $528.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. TD Cowen boosted their price target on Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Vertical Research initiated coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $470.00 price objective on the stock. Finally, StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies has an average rating of "Buy" and an average price target of $517.50.

Teledyne Technologies Price Performance

Shares of NYSE TDY traded up $5.63 during mid-day trading on Wednesday, hitting $470.45. 257,311 shares of the stock traded hands, compared to its average volume of 240,910. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $492.00. The firm has a 50 day simple moving average of $451.85 and a two-hundred day simple moving average of $420.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The company has a market cap of $21.92 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 3.26 and a beta of 1.01.

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

Insider Activity

In other news, Chairman Robert Mehrabian sold 46,075 shares of the firm's stock in a transaction dated 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 directly owns 171,802 shares in the company, valued at $83,724,268.66. This trade represents a 21.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.88% of the company's stock.

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.