Nicholas Company Inc. Has $21.19 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Nicholas Company Inc. increased its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,659 shares of the scientific and technical instruments company's stock after purchasing an additional 2,171 shares during the period. Nicholas Company Inc. owned approximately 0.10% of Teledyne Technologies worth $21,192,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new stake in shares of Teledyne Technologies in the 3rd quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new stake in Teledyne Technologies in the third quarter valued at approximately $39,000. Newbridge Financial Services Group Inc. acquired a new stake in Teledyne Technologies in the fourth quarter worth $46,000. Tortoise Investment Management LLC boosted its position in shares of Teledyne Technologies by 63.2% during 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 in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Teledyne Technologies by 43.0% in the 4th quarter. Private Trust Co. NA now owns 173 shares of the scientific and technical instruments company's stock valued at $80,000 after buying an additional 52 shares during the period. Institutional investors own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TDY shares. Bank of America increased their price target on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Monday. UBS Group started coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They set a "buy" rating and a $585.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $585.00 target price on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $548.00.

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Insider Activity

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the sale, the executive vice president now owns 26,529 shares of the company's stock, valued at $13,794,018.84. This trade represents a 2.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Robert Mehrabian sold 5,768 shares of the company's stock in a transaction 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 completion of the transaction, the chairman now owns 144,553 shares in the company, valued at approximately $74,910,255.66. This represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,571 shares of company stock valued at $17,709,721 in the last quarter. Company insiders own 2.14% of the company's stock.

Teledyne Technologies Stock Up 0.8 %

TDY stock traded up $4.17 during midday trading on Wednesday, hitting $502.69. The company's stock had a trading volume of 71,547 shares, compared to its average volume of 240,568. The company's fifty day moving average price is $494.82 and its 200 day moving average price is $470.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50. The stock has a market capitalization of $23.54 billion, a P/E ratio of 29.18, a PEG ratio of 3.14 and a beta of 1.03.

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

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.