675 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 675 shares of the scientific and technical instruments company’s stock, valued at approximately $313,000.

Other hedge funds have also recently bought and sold shares of the company. Hurley Capital LLC acquired a new stake in Teledyne Technologies during the 4th quarter worth approximately $33,000. Wilmington Savings Fund Society FSB bought a new position in Teledyne Technologies during the 3rd quarter worth $39,000. Millstone Evans Group LLC acquired a new stake in shares of Teledyne Technologies during the fourth quarter worth $42,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Teledyne Technologies in the fourth quarter valued at about $46,000. Finally, Tortoise Investment Management LLC grew its stake in shares of Teledyne Technologies by 63.2% in 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 acquiring an additional 48 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Trading Up 2.7 %

Shares of TDY stock opened at $478.77 on Friday. 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 fifty-two week low of $380.63 and a fifty-two week high of $522.50. The company has a market cap of $22.42 billion, a PE ratio of 27.79, a P/E/G ratio of 3.14 and a beta of 1.03. The stock’s fifty day moving average price is $479.25 and its two-hundred day moving average price is $479.18.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.92 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.55 earnings per share. Equities analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Insider Buying and Selling

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the completion of the transaction, the executive vice president now owns 26,529 shares of the company’s stock, valued at $13,794,018.84. This represents a 2.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction dated 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 sale, the insider now directly owns 51,324 shares in the company, valued at $26,691,559.44. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,413 shares of company stock worth $4,846,536 in the last three months. 1.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on TDY shares. Bank of America boosted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a report on Monday, March 17th. TD Securities reissued a “buy” rating and set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Needham & Company LLC dropped their price objective on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $542.50.

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.