Dynamic Technology Lab Private Ltd Purchases 671 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Dynamic Technology Lab Private Ltd raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 40.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,322 shares of the scientific and technical instruments company’s stock after buying an additional 671 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Teledyne Technologies were worth $1,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TDY. Wolff Wiese Magana LLC bought a new position in Teledyne Technologies in the third quarter valued at approximately $27,000. American National Bank bought a new stake in Teledyne Technologies during the second quarter worth $28,000. Innealta Capital LLC acquired a new stake in shares of Teledyne Technologies in the 2nd quarter valued at $28,000. Tortoise Investment Management LLC increased its stake in shares of 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 purchasing an additional 24 shares during the last quarter. Finally, Crewe Advisors LLC raised its holdings in shares of 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 worth $34,000 after buying an additional 67 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDY has been the topic of several research analyst reports. Needham & Company LLC raised their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen raised their price target 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. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $517.50.

Teledyne Technologies Stock Up 1.4 %

Shares of NYSE TDY opened at $485.68 on Thursday. The company has a 50 day simple moving average of $458.07 and a 200 day simple moving average of $423.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $492.00. The firm has a market cap of $22.63 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 3.31 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. Teledyne Technologies’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.05 earnings per share. On average, research analysts forecast that Teledyne Technologies Incorporated will post 19.45 EPS for the current year.

Insider Buying and Selling at Teledyne Technologies

In other news, Chairman Robert Mehrabian sold 46,075 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $487.33, for a total value of $22,453,729.75. Following the transaction, the chairman now owns 171,802 shares in the company, valued at approximately $83,724,268.66. The trade was a 21.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.88% of the company’s stock.

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.