Mizuho Securities USA LLC Acquires 1,383 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Mizuho Securities USA LLC boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 45.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,417 shares of the scientific and technical instruments company's stock after acquiring an additional 1,383 shares during the quarter. Mizuho Securities USA LLC's holdings in Teledyne Technologies were worth $2,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its holdings in shares of Teledyne Technologies by 38.1% during the 3rd quarter. Empowered Funds LLC now owns 851 shares of the scientific and technical instruments company's stock worth $372,000 after buying an additional 235 shares during the period. Pathstone Holdings LLC boosted its stake in Teledyne Technologies by 2.0% in the 3rd quarter. Pathstone Holdings LLC now owns 3,918 shares of the scientific and technical instruments company's stock valued at $1,715,000 after buying an additional 77 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Teledyne Technologies in the 3rd quarter worth about $435,000. Charles Schwab Investment Management Inc. grew its stake 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 buying an additional 2,206 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in Teledyne Technologies by 4.8% during the 3rd quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company's stock valued at $241,000 after purchasing an additional 25 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

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Teledyne Technologies Price Performance

Shares of TDY stock traded down $12.13 on Friday, reaching $494.78. The company had a trading volume of 200,471 shares, compared to its average volume of 254,068. The stock has a market capitalization of $23.17 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The business's 50-day moving average is $500.60 and its 200 day moving average is $474.04. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm 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 business's quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TDY has been the subject of a number of recent research reports. Needham & Company LLC restated a "buy" rating and set a $585.00 target price on shares of Teledyne Technologies in a research report on Wednesday, February 5th. 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 on the stock. Finally, Bank of America upped their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $548.00.

Insider Activity at Teledyne Technologies

In other news, COO George C. Bobb III sold 6,308 shares of the firm'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 sale, the chief operating officer now owns 10,482 shares of the company's stock, valued at $5,322,445.14. This trade represents a 37.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the transaction, the vice president now directly owns 4,962 shares in the company, valued at approximately $2,522,383.08. This represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,571 shares of company stock worth $17,709,721 over the last ninety days. Insiders own 1.50% of the company's stock.

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.