Harvest Fund Management Co. Ltd Acquires New Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Harvest Fund Management Co. Ltd bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 613 shares of the scientific and technical instruments company's stock, valued at approximately $284,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in Teledyne Technologies by 38.1% during the third quarter. Empowered Funds LLC now owns 851 shares of the scientific and technical instruments company's stock worth $372,000 after purchasing an additional 235 shares during the period. Pathstone Holdings LLC boosted its stake in shares of Teledyne Technologies by 2.0% during the 3rd quarter. Pathstone Holdings LLC now owns 3,918 shares of the scientific and technical instruments company's stock worth $1,715,000 after acquiring an additional 77 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Teledyne Technologies during the 3rd quarter worth approximately $435,000. Intech Investment Management LLC raised its stake in Teledyne Technologies by 70.4% in the 3rd quarter. Intech Investment Management LLC now owns 11,019 shares of the scientific and technical instruments company's stock valued at $4,823,000 after acquiring an additional 4,552 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Teledyne Technologies by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 291,279 shares of the scientific and technical instruments company's stock worth $127,481,000 after purchasing an additional 2,206 shares during the period. 91.58% of the stock is owned by institutional investors.

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Insider Buying and Selling at Teledyne Technologies

In related news, COO George C. Bobb III sold 6,308 shares of the company's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the completion of the transaction, the chief operating officer now directly owns 10,482 shares in the company, valued at $5,322,445.14. This represents a 37.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the sale, the insider now directly owns 51,324 shares in the company, valued at approximately $26,691,559.44. This trade represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,571 shares of company stock valued at $17,709,721 in the last ninety days. 2.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Teledyne Technologies Price Performance

Shares of TDY stock traded down $3.60 during trading on Wednesday, hitting $508.66. The company had a trading volume of 246,344 shares, compared to its average volume of 267,662. The stock's 50-day moving average price is $499.12 and its 200 day moving average price is $473.56. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. 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 firm has a market capitalization of $23.82 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

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 (EPS) for the quarter, topping the consensus estimate 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 return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.44 EPS. Equities analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

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.