Benjamin F. Edwards & Company Inc. Has $129,000 Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Benjamin F. Edwards & Company Inc. raised its holdings in Teledyne Technologies Incorporated (NYSE:TDYGet Rating) by 7.6% during the third quarter, HoldingsChannel reports. The firm owned 381 shares of the scientific and technical instruments company’s stock after acquiring an additional 27 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Teledyne Technologies were worth $129,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Federated Hermes Inc. boosted its holdings in shares of Teledyne Technologies by 7.5% in the 1st quarter. Federated Hermes Inc. now owns 431 shares of the scientific and technical instruments company’s stock valued at $204,000 after purchasing an additional 30 shares in the last quarter. Occidental Asset Management LLC boosted its holdings in shares of Teledyne Technologies by 6.4% in the 2nd quarter. Occidental Asset Management LLC now owns 532 shares of the scientific and technical instruments company’s stock valued at $200,000 after purchasing an additional 32 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its holdings in shares of Teledyne Technologies by 5.2% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 866 shares of the scientific and technical instruments company’s stock valued at $325,000 after purchasing an additional 43 shares in the last quarter. Cooper Financial Group boosted its holdings in shares of Teledyne Technologies by 8.8% in the 2nd quarter. Cooper Financial Group now owns 567 shares of the scientific and technical instruments company’s stock valued at $213,000 after purchasing an additional 46 shares in the last quarter. Finally, Prudential PLC boosted its holdings in shares of Teledyne Technologies by 5.2% in the 2nd quarter. Prudential PLC now owns 936 shares of the scientific and technical instruments company’s stock valued at $351,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 91.10% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $416.13 on Monday. The firm has a market cap of $19.50 billion, a P/E ratio of 27.41, a P/E/G ratio of 3.04 and a beta of 1.08. The company has a quick ratio of 1.19, a current ratio of 1.78 and a debt-to-equity ratio of 0.47. Teledyne Technologies Incorporated has a 12-month low of $325.00 and a 12-month high of $493.97. The business has a fifty day simple moving average of $408.61 and a 200 day simple moving average of $387.15.

Teledyne Technologies (NYSE:TDYGet Rating) last announced its earnings results on Wednesday, October 26th. The scientific and technical instruments company reported $4.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $0.24. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a return on equity of 10.95% and a net margin of 13.37%. Analysts predict that Teledyne Technologies Incorporated will post 17.77 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Cynthia Y. Belak sold 5,046 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $412.05, for a total transaction of $2,079,204.30. Following the completion of the transaction, the vice president now directly owns 4,457 shares of the company’s stock, valued at approximately $1,836,506.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Cynthia Y. Belak sold 5,046 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $412.05, for a total transaction of $2,079,204.30. Following the completion of the transaction, the vice president now directly owns 4,457 shares of the company’s stock, valued at approximately $1,836,506.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael T. Smith sold 4,000 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $419.49, for a total value of $1,677,960.00. Following the sale, the director now owns 56,073 shares of the company’s stock, valued at $23,522,062.77. The disclosure for this sale can be found here. Insiders sold a total of 19,505 shares of company stock valued at $8,156,036 in the last three months. Insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TDY shares. StockNews.com started coverage on Teledyne Technologies in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Credit Suisse Group started coverage on Teledyne Technologies in a research note on Monday, December 12th. They issued an “outperform” rating and a $503.00 price target for the company. Finally, Morgan Stanley upgraded Teledyne Technologies from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $445.00 to $488.00 in a research note on Monday, December 12th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $487.67.

About Teledyne Technologies

(Get Rating)

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.

Further Reading

Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDYGet Rating).

Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.