Metis Global Partners LLC Purchases 24 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Metis Global Partners LLC raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,514 shares of the scientific and technical instruments company’s stock after purchasing an additional 24 shares during the period. Metis Global Partners LLC’s holdings in Teledyne Technologies were worth $663,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Teledyne Technologies by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,534,111 shares of the scientific and technical instruments company’s stock valued at $2,375,905,000 after acquiring an additional 16,189 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Teledyne Technologies by 3.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock worth $676,041,000 after acquiring an additional 48,397 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Teledyne Technologies by 17.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock worth $480,355,000 after purchasing an additional 186,849 shares during the last quarter. Earnest Partners LLC increased its position in shares of Teledyne Technologies by 3.5% during the second quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company’s stock worth $154,665,000 after purchasing an additional 13,576 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Teledyne Technologies by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 375,265 shares of the scientific and technical instruments company’s stock valued at $145,594,000 after purchasing an additional 32,339 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Activity at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 46,075 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $487.33, for a total value of $22,453,729.75. Following the completion of the transaction, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. This represents a 21.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TDY. Vertical Research began coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. Needham & Company LLC raised their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, November 11th. 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 report on Thursday, October 24th. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Finally, StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $517.50.

Teledyne Technologies Stock Down 1.3 %

Shares of TDY opened at $470.15 on Monday. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.26 and a beta of 1.01. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $492.00. The stock’s 50-day moving average price is $450.27 and its 200-day moving average price is $418.77. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $5.05 EPS. On average, sell-side analysts predict that Teledyne Technologies Incorporated will post 19.45 EPS for the current 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.