Massmutual Trust Co. FSB ADV Purchases 28 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Massmutual Trust Co. FSB ADV lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 32.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115 shares of the scientific and technical instruments company’s stock after purchasing an additional 28 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Teledyne Technologies were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Barclays PLC increased its stake in Teledyne Technologies by 33.5% during the 2nd quarter. Barclays PLC now owns 84,335 shares of the scientific and technical instruments company’s stock worth $34,670,000 after acquiring an additional 21,166 shares during the period. Portside Wealth Group LLC acquired a new stake in shares of Teledyne Technologies in the 2nd quarter valued at $560,000. BOKF NA boosted its holdings in shares of Teledyne Technologies by 9.8% in the 2nd quarter. BOKF NA now owns 3,663 shares of the scientific and technical instruments company’s stock valued at $1,506,000 after purchasing an additional 328 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Teledyne Technologies by 3.1% in the 2nd quarter. Osaic Holdings Inc. now owns 9,713 shares of the scientific and technical instruments company’s stock valued at $3,997,000 after purchasing an additional 288 shares in the last quarter. Finally, National Pension Service boosted its holdings in shares of Teledyne Technologies by 7.7% in the 2nd quarter. National Pension Service now owns 77,486 shares of the scientific and technical instruments company’s stock valued at $31,558,000 after purchasing an additional 5,543 shares in the last quarter. Institutional investors own 87.57% of the company’s stock.

Teledyne Technologies Stock Up 0.2 %

Teledyne Technologies stock traded up $0.84 during midday trading on Friday, reaching $390.49. The stock had a trading volume of 195,587 shares, compared to its average volume of 232,394. Teledyne Technologies Incorporated has a 12 month low of $364.98 and a 12 month high of $448.71. The company has a market capitalization of $18.43 billion, a P/E ratio of 23.68, a PEG ratio of 2.51 and a beta of 1.02. The company has a fifty day moving average price of $397.09 and a two-hundred day moving average price of $401.48. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.32.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $5.05 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.29. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.43 billion. Teledyne Technologies had a return on equity of 10.86% and a net margin of 14.02%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.54 EPS. As a group, equities analysts expect that Teledyne Technologies Incorporated will post 19.31 EPS for the current fiscal year.

Insider Transactions at Teledyne Technologies

In other news, Director Michael T. Smith sold 1,071 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $395.00, for a total value of $423,045.00. Following the transaction, the director now owns 56,492 shares in the company, valued at approximately $22,314,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael T. Smith sold 1,071 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $395.00, for a total value of $423,045.00. Following the transaction, the director now owns 56,492 shares in the company, valued at $22,314,340. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert Mehrabian sold 45,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $416.13, for a total value of $18,933,915.00. Following the completion of the transaction, the chief executive officer now owns 196,052 shares in the company, valued at approximately $81,583,118.76. The disclosure for this sale can be found here. Insiders have sold 62,717 shares of company stock worth $26,140,340 in the last 90 days. Insiders own 2.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com started coverage on Teledyne Technologies in a report on Thursday, October 5th. They issued a “hold” rating on the stock. The Goldman Sachs Group raised Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $423.00 to $495.00 in a report on Monday, August 14th. Needham & Company LLC reissued a “buy” rating and set a $455.00 price objective on shares of Teledyne Technologies in a report on Tuesday, October 24th. UBS Group started coverage on Teledyne Technologies in a research report on Wednesday, September 27th. They set a “buy” rating and a $495.00 target price for the company. Finally, BNP Paribas started coverage on Teledyne Technologies in a research report on Thursday, October 5th. They set an “outperform” rating and a $530.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $503.86.

About Teledyne Technologies

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, France, 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.