Ballentine Partners LLC Makes New $226,000 Investment in Teledyne Technologies Incorporated (NYSE:TDY)

Ballentine Partners LLC acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 488 shares of the scientific and technical instruments company’s stock, valued at approximately $226,000.

Other hedge funds have also recently made changes to their positions in the company. Metis Global Partners LLC lifted its holdings in Teledyne Technologies by 1.6% in the 3rd quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company’s stock worth $663,000 after purchasing an additional 24 shares in the last quarter. Crumly & Associates Inc. raised its position in shares of Teledyne Technologies by 3.8% during the third quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company’s stock valued at $296,000 after buying an additional 25 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Teledyne Technologies by 4.8% in the third quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock worth $241,000 after buying an additional 25 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Teledyne Technologies by 4.0% during the third quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company’s stock worth $298,000 after acquiring an additional 26 shares during the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in Teledyne Technologies by 4.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 781 shares of the scientific and technical instruments company’s stock valued at $342,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 0.0 %

Shares of TDY opened at $515.00 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $473.74 and a 200 day moving average of $447.34. The company has a market cap of $24.00 billion, a PE ratio of 29.89, a P/E/G ratio of 3.24 and a beta of 1.01. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $518.85.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.23 by $0.29. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1,451,400 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $5.44 EPS. On average, sell-side analysts expect that Teledyne Technologies Incorporated will post 21.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TDY. UBS Group started coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective for the company. TD Cowen raised their price target on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Needham & Company LLC upped their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $531.00.

Insider Activity

In other news, Vice Chairman Jason Vanwees sold 1,500 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $488.71, for a total transaction of $733,065.00. Following the completion of the sale, the insider now directly owns 2,900 shares of the company’s stock, valued at approximately $1,417,259. The trade was a 34.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert Mehrabian sold 3,925 shares of the company’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 transaction, the chairman now owns 171,802 shares in the company, valued at approximately $84,268,881. The trade was a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,525 shares of company stock valued at $26,080,464. 2.14% of the stock is currently owned by insiders.

Teledyne Technologies Company 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.