Blue Trust Inc. Has $709,000 Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Blue Trust Inc. raised its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,621 shares of the scientific and technical instruments company’s stock after acquiring an additional 174 shares during the quarter. Blue Trust Inc.’s holdings in Teledyne Technologies were worth $709,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Metis Global Partners LLC lifted its position in shares of Teledyne Technologies by 1.6% during the 3rd quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company’s stock valued at $663,000 after acquiring an additional 24 shares during the period. Crumly & Associates Inc. lifted its position in Teledyne Technologies by 3.8% during the third quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company’s stock worth $296,000 after purchasing an additional 25 shares during the period. Raymond James Trust N.A. increased its holdings in Teledyne Technologies by 4.8% in the 3rd quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock valued at $241,000 after buying an additional 25 shares during the period. Bleakley Financial Group LLC raised its position in shares of Teledyne Technologies by 4.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company’s stock valued at $298,000 after buying an additional 26 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its holdings in shares of Teledyne Technologies by 4.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 781 shares of the scientific and technical instruments company’s stock worth $342,000 after acquiring an additional 36 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TDY shares. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. TD Cowen upped their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $450.00 to $550.00 in a research report on Friday, November 8th. Finally, UBS Group assumed coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price for the company. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $531.00.

Insider Transactions at Teledyne Technologies

In other news, Director Michael T. Smith sold 2,100 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $510.50, for a total transaction of $1,072,050.00. Following the completion of the transaction, the director now directly owns 52,835 shares in the company, valued at $26,972,267.50. This trade represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert Mehrabian sold 3,925 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $490.50, for a total value of $1,925,212.50. Following the completion of the sale, the chairman now owns 171,802 shares in the company, valued at $84,268,881. The trade was a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,915 shares of company stock worth $35,954,556. Company insiders own 2.14% of the company’s stock.

Teledyne Technologies Price Performance

Shares of TDY opened at $508.81 on Thursday. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The stock has a market cap of $23.71 billion, a PE ratio of 29.53, a PEG ratio of 3.24 and a beta of 1.01. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $518.85. The business has a 50-day simple moving average of $476.25 and a two-hundred day simple moving average of $449.79.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm posted $5.44 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. Analysts anticipate that Teledyne Technologies Incorporated will post 21.3 earnings per share for the current fiscal year.

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.