Natixis Advisors LLC Raises Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Natixis Advisors LLC grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 9.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 125,854 shares of the scientific and technical instruments company's stock after acquiring an additional 10,834 shares during the quarter. Natixis Advisors LLC owned about 0.27% of Teledyne Technologies worth $55,081,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TDY. Wolff Wiese Magana LLC bought a new position in Teledyne Technologies during the third quarter valued at $27,000. American National Bank bought a new position in shares of Teledyne Technologies in the 2nd quarter valued at about $28,000. Innealta Capital LLC purchased a new position in Teledyne Technologies in the second quarter worth about $28,000. Tortoise Investment Management LLC increased its stake in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company's stock worth $29,000 after acquiring an additional 24 shares during the last quarter. Finally, Crewe Advisors LLC raised its position in Teledyne Technologies by 319.0% during the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company's stock valued at $34,000 after purchasing an additional 67 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Robert Mehrabian sold 3,925 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $490.50, for a total value of $1,925,212.50. Following the completion of the transaction, the chairman now owns 171,802 shares of the company's stock, valued at $84,268,881. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TDY shares. Bank of America raised Teledyne Technologies from a "neutral" rating to a "buy" rating and boosted their target price for the company from $450.00 to $550.00 in a research report on Friday, November 8th. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Vertical Research began coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They set a "buy" rating and a $470.00 price target on the stock. TD Cowen raised their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Needham & Company LLC boosted their target price on Teledyne Technologies from $528.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Five 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 $517.50.

Teledyne Technologies Trading Down 1.3 %

TDY traded down $6.41 on Friday, reaching $470.15. 292,840 shares of the company traded hands, compared to its average volume of 253,442. The company has a market cap of $21.91 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 3.26 and a beta of 1.01. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $492.00. The firm has a fifty day simple moving average of $450.27 and a two-hundred day simple moving average of $418.77.

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