Whittier Trust Co. of Nevada Inc. Buys 750 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Whittier Trust Co. of Nevada Inc. raised its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,011 shares of the scientific and technical instruments company's stock after acquiring an additional 750 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Teledyne Technologies were worth $6,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TDY. Brooklyn Investment Group purchased a new position in shares of Teledyne Technologies during the 3rd quarter worth $32,000. Wilmington Savings Fund Society FSB purchased a new position in Teledyne Technologies during the third quarter valued at $39,000. Newbridge Financial Services Group Inc. purchased a new position in Teledyne Technologies during the fourth quarter valued at $46,000. Tortoise Investment Management LLC grew its holdings in Teledyne Technologies by 63.2% during the fourth 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 period. Finally, Private Trust Co. NA increased its position in Teledyne Technologies by 43.0% in the fourth quarter. Private Trust Co. NA now owns 173 shares of the scientific and technical instruments company's stock worth $80,000 after buying an additional 52 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

TDY traded up $5.15 during trading on Tuesday, reaching $512.85. 220,595 shares of the company traded hands, compared to its average volume of 243,440. The company has a market cap of $24.02 billion, a P/E ratio of 29.76, a PEG ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50. The firm has a fifty day simple moving average of $498.18 and a 200 day simple moving average of $472.92.

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Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) 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 the consensus estimate of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.44 EPS. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the sale, the executive vice president now owns 26,529 shares of the company's stock, valued at $13,794,018.84. The trade was a 2.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the transaction, the insider now owns 51,324 shares of the company's stock, valued at $26,691,559.44. This represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,571 shares of company stock worth $17,709,721. Corporate insiders own 2.14% of the company's stock.

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.