Natixis Advisors LLC Raises Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Natixis Advisors LLC lifted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 9.4% during the third quarter, HoldingsChannel.com reports. The fund owned 125,854 shares of the scientific and technical instruments company’s stock after purchasing an additional 10,834 shares during the quarter. Natixis Advisors LLC’s holdings in Teledyne Technologies were worth $55,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TDY. Wolff Wiese Magana LLC purchased a new position in Teledyne Technologies during the 3rd quarter worth $27,000. American National Bank acquired a new stake in shares of Teledyne Technologies during the second quarter worth about $28,000. Innealta Capital LLC purchased a new position in shares of Teledyne Technologies during the second quarter worth about $28,000. Tortoise Investment Management LLC increased its position in Teledyne Technologies by 48.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after acquiring an additional 24 shares during the period. Finally, Crewe Advisors LLC raised its stake in Teledyne Technologies by 319.0% during the 2nd quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 67 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $470.15 on Friday. The company has a market cap of $21.91 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 3.26 and a beta of 1.01. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $492.00. The business has a fifty day moving average of $450.27 and a two-hundred day moving average of $418.51. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business earned $5.05 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, analysts predict that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TDY. Vertical Research started coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price on the stock. TD Cowen boosted their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $517.50.

Insider Transactions at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 46,075 shares of Teledyne Technologies stock in a transaction on Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the completion of the transaction, the chairman now directly owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.14% 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.