Sei Investments Co. Purchases 19,421 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Sei Investments Co. raised its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,113 shares of the scientific and technical instruments company's stock after purchasing an additional 19,421 shares during the period. Sei Investments Co. owned approximately 0.82% of Teledyne Technologies worth $177,814,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brooklyn Investment Group bought a new stake in shares of Teledyne Technologies during the 3rd quarter worth $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Teledyne Technologies in the third quarter worth about $39,000. Millstone Evans Group LLC acquired a new stake in shares of Teledyne Technologies in the 4th quarter valued at approximately $42,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Teledyne Technologies during the 4th quarter valued at approximately $46,000. Finally, Tortoise Investment Management LLC grew its holdings in shares of Teledyne Technologies by 63.2% during the 4th quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company's stock valued at $58,000 after purchasing an additional 48 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Insider Transactions at Teledyne Technologies

In other news, Chairman Robert Mehrabian sold 5,768 shares of Teledyne Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $518.22, for a total value of $2,989,092.96. Following the completion of the transaction, the chairman now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO George C. Bobb III sold 6,308 shares of the business's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $507.77, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,571 shares of company stock worth $17,709,721. Company insiders own 1.50% of the company's stock.

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Teledyne Technologies Trading Down 0.7 %

NYSE:TDY traded down $3.60 during trading hours on Wednesday, hitting $508.66. 246,344 shares of the company were exchanged, compared to its average volume of 243,637. The stock has a market capitalization of $23.82 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The company has a fifty day simple moving average of $499.12 and a 200 day simple moving average of $473.56. 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 (NYSE:TDY - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company earned $5.44 earnings per share. The firm's revenue was up 5.4% compared to the same quarter last year. Sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TDY shares. Bank of America raised their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Needham & Company LLC restated a "buy" rating and set a $585.00 price objective on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Finally, UBS Group initiated coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They issued a "buy" rating and a $585.00 target price for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $548.00.

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.