Teledyne Technologies Incorporated (NYSE:TDY) Stock Holdings Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,815 shares of the scientific and technical instruments company’s stock after purchasing an additional 490 shares during the quarter. BNP Paribas Financial Markets’ holdings in Teledyne Technologies were worth $29,680,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TDY. Kayne Anderson Rudnick Investment Management LLC grew its position in Teledyne Technologies by 17.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after buying an additional 186,849 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of Teledyne Technologies by 3.5% in the second quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company’s stock valued at $154,665,000 after acquiring an additional 13,576 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Teledyne Technologies by 9.4% during the second 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 acquiring an additional 32,339 shares during the period. Sei Investments Co. raised its holdings in Teledyne Technologies by 4.4% during the second quarter. Sei Investments Co. now owns 367,770 shares of the scientific and technical instruments company’s stock worth $142,689,000 after purchasing an additional 15,604 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Teledyne Technologies by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 300,302 shares of the scientific and technical instruments company’s stock worth $116,511,000 after purchasing an additional 9,732 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Trading Up 0.1 %

NYSE:TDY opened at $486.14 on Friday. The stock has a fifty day simple moving average of $460.12 and a 200 day simple moving average of $424.70. The firm has a market capitalization of $22.65 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 3.37 and a beta of 1.01. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $492.00. 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 announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.97 by $0.13. The company had revenue of $1.44 billion during 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 for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the company posted $5.05 earnings per share. Sell-side analysts forecast that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of research reports. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. TD Cowen upped their price target 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 shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, Needham & Company LLC increased their target price 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies has a consensus rating of “Buy” and a consensus target price of $517.50.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 3,925 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the completion of the sale, the chairman now directly owns 171,802 shares in the company, valued at approximately $84,268,881. This trade represents a 2.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company 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.