Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Walter Public Investments Inc.

Walter Public Investments Inc. lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 35.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,183 shares of the scientific and technical instruments company's stock after purchasing an additional 6,611 shares during the quarter. Teledyne Technologies accounts for approximately 2.1% of Walter Public Investments Inc.'s portfolio, making the stock its 25th largest holding. Walter Public Investments Inc. owned 0.05% of Teledyne Technologies worth $11,688,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Teledyne Technologies during the 3rd quarter worth approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Teledyne Technologies during the 3rd quarter worth approximately $39,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth approximately $46,000. Allworth Financial LP grew its stake in shares of Teledyne Technologies by 15.1% during the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company's stock worth $105,000 after purchasing an additional 27 shares during the period. Finally, Salem Investment Counselors Inc. grew its stake in Teledyne Technologies by 85.5% in the 4th quarter. Salem Investment Counselors Inc. now owns 230 shares of the scientific and technical instruments company's stock valued at $107,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analyst Weigh In

TDY has been the topic of a number of research analyst reports. UBS Group initiated coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They issued a "buy" rating and a $585.00 price target on the stock. Bank of America raised shares of Teledyne Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $538.00.

Insider Buying and Selling at Teledyne Technologies

In other news, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies 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 owns 4,962 shares in the company, valued at $2,522,383.08. The trade was a 53.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Robert Mehrabian sold 5,768 shares of Teledyne Technologies stock in a transaction on 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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,190 shares of company stock worth $16,386,864. Corporate insiders own 2.14% of the company's stock.

Teledyne Technologies Price Performance

TDY stock traded up $14.74 during midday trading on Friday, reaching $515.60. The stock had a trading volume of 443,451 shares, compared to its average volume of 249,204. The company's fifty day simple moving average is $488.76 and its 200 day simple moving average is $464.52. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The company has a market cap of $24.15 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $522.50.

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, beating analysts' consensus estimates of $5.23 by $0.29. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $5.44 EPS. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

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.