Cetera Investment Advisers Boosts Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Cetera Investment Advisers boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,217 shares of the scientific and technical instruments company’s stock after purchasing an additional 211 shares during the period. Cetera Investment Advisers’ holdings in Teledyne Technologies were worth $4,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TDY. Blue Capital Inc. purchased a new position in shares of Teledyne Technologies during the 4th quarter valued at $765,000. Captrust Financial Advisors lifted its position in shares of Teledyne Technologies by 25.2% during the 4th quarter. Captrust Financial Advisors now owns 9,559 shares of the scientific and technical instruments company’s stock valued at $4,437,000 after buying an additional 1,926 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Teledyne Technologies during the 4th quarter valued at $2,801,000. Baird Financial Group Inc. lifted its position in shares of Teledyne Technologies by 3.0% during the 4th quarter. Baird Financial Group Inc. now owns 1,252 shares of the scientific and technical instruments company’s stock valued at $581,000 after buying an additional 37 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of Teledyne Technologies by 74.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 203,706 shares of the scientific and technical instruments company’s stock valued at $94,546,000 after buying an additional 87,168 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TDY shares. TD Securities reaffirmed 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 on the stock in a report on Thursday, April 24th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Bank of America increased their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Buy” and an average target price of $542.50.

Insider Activity

In other news, EVP Melanie Susan Cibik sold 706 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the transaction, the executive vice president now directly owns 26,529 shares in the company, valued at approximately $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 can be accessed through this link. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the 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 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. Corporate insiders own 1.50% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $490.03 on Thursday. The firm has a market capitalization of $22.96 billion, a P/E ratio of 28.44, a P/E/G ratio of 3.14 and a beta of 1.06. 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 stock’s 50-day simple moving average is $476.84 and its two-hundred day simple moving average is $480.72. Teledyne Technologies Incorporated has a twelve month low of $380.63 and a twelve month high of $522.50.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, topping analysts’ consensus estimates of $4.92 by $0.03. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $4.55 EPS. As a group, equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS 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.