KBC Group NV Has $5.17 Million Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

KBC Group NV lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,138 shares of the scientific and technical instruments company's stock after purchasing an additional 1,003 shares during the quarter. KBC Group NV's holdings in Teledyne Technologies were worth $5,170,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TDY. Wolff Wiese Magana LLC purchased a new stake in shares of Teledyne Technologies during the third quarter worth about $27,000. Brooklyn Investment Group acquired a new position in Teledyne Technologies during the third quarter worth about $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Teledyne Technologies during the 3rd quarter worth approximately $39,000. Quarry LP grew its holdings in Teledyne Technologies by 706.3% in the 2nd quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company's stock valued at $50,000 after buying an additional 113 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Teledyne Technologies by 432.0% in the third quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company's stock valued at $58,000 after purchasing an additional 108 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. UBS Group started coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They issued a "buy" rating and a $585.00 price objective for the company. Bank of America raised shares of Teledyne Technologies from a "neutral" rating to a "buy" rating and raised their price target for the company from $450.00 to $550.00 in a research report on Friday, November 8th. Needham & Company LLC upped their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, TD Cowen boosted their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $531.00.

Teledyne Technologies Stock Down 1.5 %

Shares of TDY traded down $7.88 during midday trading on Friday, reaching $510.96. 297,351 shares of the company were exchanged, compared to its average volume of 264,592. The company has a market cap of $23.81 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 3.21 and a beta of 1.01. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50. The stock has a 50-day moving average price of $477.57 and a 200-day moving average price of $451.08.

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 for the quarter, topping the consensus estimate of $5.23 by $0.29. The company had revenue of $1.50 billion during 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 for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $5.44 EPS. Research analysts expect that Teledyne Technologies Incorporated will post 21.4 earnings per share for the current year.

Insider Activity at Teledyne Technologies

In related news, Director Michael T. Smith sold 2,025 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total value of $968,456.25. Following the completion of the transaction, the director now owns 54,935 shares in the company, valued at $26,272,663.75. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Robert Mehrabian sold 5,768 shares of the company'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 completion of the sale, the chairman now owns 144,553 shares of the company's stock, valued at approximately $74,910,255.66. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,683 shares of company stock worth $38,943,649 in the last 90 days. Corporate insiders own 2.14% of the company's stock.

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.