ING Groep NV Purchases 3,522 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

ING Groep NV boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 144.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,952 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,522 shares during the period. ING Groep NV’s holdings in Teledyne Technologies were worth $2,763,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its holdings in Teledyne Technologies by 4.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock worth $232,000 after purchasing an additional 21 shares in the last quarter. Metis Global Partners LLC boosted its stake 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 worth $663,000 after buying an additional 24 shares during the last quarter. Crumly & Associates Inc. boosted its stake in shares of Teledyne Technologies by 3.8% during the 3rd quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company’s stock worth $296,000 after buying an additional 25 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Teledyne Technologies by 4.8% during the 3rd quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock worth $241,000 after buying an additional 25 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Teledyne Technologies by 15.1% during the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock worth $105,000 after buying an additional 27 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Insiders Place Their Bets

In other news, COO George C. Bobb III sold 6,308 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the transaction, the chief operating officer now directly owns 10,482 shares of the company’s stock, valued at approximately $5,322,445.14. This trade represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael T. Smith sold 2,025 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the transaction, the director now directly owns 54,935 shares in the company, valued at $26,272,663.75. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,190 shares of company stock worth $16,386,864 over the last three months. Insiders own 2.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TDY. UBS Group began coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective for the company. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $585.00 target price on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $538.00.

Teledyne Technologies Trading Down 1.9 %

Shares of NYSE:TDY opened at $491.27 on Friday. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $522.50. The company has a market capitalization of $22.89 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The company has a 50-day simple moving average of $485.23 and a 200 day simple moving average of $461.22. 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 (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.23 by $0.29. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $5.44 earnings per share. Sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share 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.