Raymond James Financial Services Advisors Inc. Increases Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDYGet Rating) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,799 shares of the scientific and technical instruments company’s stock after buying an additional 212 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Teledyne Technologies were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Castle Wealth Management LLC purchased a new position in shares of Teledyne Technologies during the second quarter valued at about $26,000. WD Rutherford LLC purchased a new stake in Teledyne Technologies in the second quarter worth about $30,000. Clear Street Markets LLC grew its holdings in Teledyne Technologies by 415.8% in the second quarter. Clear Street Markets LLC now owns 98 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 79 shares during the period. NuWave Investment Management LLC purchased a new stake in Teledyne Technologies in the third quarter worth about $54,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in Teledyne Technologies in the second quarter worth about $68,000. Hedge funds and other institutional investors own 91.10% of the company’s stock.

Insider Buying and Selling at Teledyne Technologies

In related news, VP Cynthia Y. Belak sold 5,046 shares of Teledyne Technologies stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $412.05, for a total value of $2,079,204.30. Following the completion of the sale, the vice president now owns 4,457 shares of the company’s stock, valued at $1,836,506.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Schack Wesley W. Von sold 1,459 shares of the company’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $423.99, for a total transaction of $618,601.41. Following the completion of the sale, the director now owns 11,924 shares in the company, valued at $5,055,656.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Cynthia Y. Belak sold 5,046 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $412.05, for a total value of $2,079,204.30. Following the sale, the vice president now owns 4,457 shares of the company’s stock, valued at approximately $1,836,506.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,505 shares of company stock worth $8,156,036. Insiders own 2.60% of the company’s stock.

Teledyne Technologies Trading Up 0.6 %

NYSE:TDY opened at $410.32 on Wednesday. The company’s 50 day moving average price is $408.31 and its 200-day moving average price is $388.53. Teledyne Technologies Incorporated has a 52 week low of $325.00 and a 52 week high of $493.97. The company has a quick ratio of 1.19, a current ratio of 1.78 and a debt-to-equity ratio of 0.47. The stock has a market cap of $19.23 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 2.95 and a beta of 1.08.

Teledyne Technologies (NYSE:TDYGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The scientific and technical instruments company reported $4.54 earnings per share for the quarter, beating analysts’ consensus estimates of $4.30 by $0.24. Teledyne Technologies had a net margin of 13.37% and a return on equity of 10.95%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. On average, equities research analysts forecast that Teledyne Technologies Incorporated will post 17.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Teledyne Technologies in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley upgraded shares of Teledyne Technologies from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $445.00 to $488.00 in a report on Monday, December 12th. Finally, Credit Suisse Group began coverage on shares of Teledyne Technologies in a report on Monday, December 12th. They set an “outperform” rating and a $503.00 price target on the stock. Two equities research 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 has an average rating of “Moderate Buy” and a consensus price target of $487.67.

Teledyne Technologies Company Profile

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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

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

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