Russell Investments Group Ltd. Boosts Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Russell Investments Group Ltd. lifted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 27.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,138 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,948 shares during the period. Russell Investments Group Ltd.’s holdings in Teledyne Technologies were worth $8,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Truist Financial Corp grew its holdings in shares of Teledyne Technologies by 8.9% during the fourth quarter. Truist Financial Corp now owns 19,546 shares of the scientific and technical instruments company’s stock worth $8,723,000 after buying an additional 1,601 shares in the last quarter. Sandhill Capital Partners LLC acquired a new position in Teledyne Technologies during the fourth quarter worth $21,037,000. Tokio Marine Asset Management Co. Ltd. grew its holdings in Teledyne Technologies by 15.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,261 shares of the scientific and technical instruments company’s stock valued at $563,000 after buying an additional 172 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Teledyne Technologies by 18.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 922 shares of the scientific and technical instruments company’s stock worth $411,000 after acquiring an additional 141 shares during the last quarter. Finally, Watershed Asset Management L.L.C. acquired a new position in shares of Teledyne Technologies during the 4th quarter valued at about $304,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Up 0.7 %

NYSE:TDY opened at $393.03 on Wednesday. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $448.19. The stock’s fifty day moving average is $410.36 and its two-hundred day moving average is $413.66. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 2.66 and a beta of 1.04. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.63 by ($0.08). The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.39 billion. Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. Teledyne Technologies’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.53 EPS. Research analysts anticipate that Teledyne Technologies Incorporated will post 19.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TDY shares. TD Cowen reduced their target price on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Needham & Company LLC decreased their price objective on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Bank of America cut Teledyne Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $490.00 to $400.00 in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $470.83.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the transaction, the director now owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.88% of the company’s stock.

Teledyne Technologies 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.