EULAV Asset Management Acquires 19,000 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

EULAV Asset Management increased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 78.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,200 shares of the scientific and technical instruments company’s stock after acquiring an additional 19,000 shares during the quarter. EULAV Asset Management owned about 0.09% of Teledyne Technologies worth $20,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Wolff Wiese Magana LLC bought a new position in shares of Teledyne Technologies during the third quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new position in Teledyne Technologies during the third quarter valued at $32,000. Wilmington Savings Fund Society FSB bought a new stake in Teledyne Technologies in the third quarter worth $39,000. Exchange Traded Concepts LLC grew its stake in shares of Teledyne Technologies by 432.0% in the third quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock worth $58,000 after acquiring an additional 108 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its holdings in shares of Teledyne Technologies by 85.5% during the fourth quarter. Salem Investment Counselors Inc. now owns 230 shares of the scientific and technical instruments company’s stock valued at $107,000 after acquiring an additional 106 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on TDY shares. TD Cowen increased their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $450.00 to $550.00 in a report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $585.00 price objective on shares of Teledyne Technologies in a report on Wednesday. Finally, UBS Group assumed coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies has an average rating of “Buy” and an average price target of $538.00.

Teledyne Technologies Stock Up 0.3 %

Shares of Teledyne Technologies stock opened at $511.53 on Friday. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $479.98 and its 200 day moving average is $454.21. The company has a market cap of $23.84 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 3.19 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the firm earned $5.44 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that Teledyne Technologies Incorporated will post 21.59 EPS for the current year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of Teledyne Technologies stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the transaction, the chairman now owns 171,802 shares of the company’s stock, valued at $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael T. Smith sold 2,025 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the completion of the sale, the director now directly owns 54,935 shares of the company’s stock, valued at approximately $26,272,663.75. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,265 shares of company stock worth $38,840,593 in the last three months. 2.14% of the stock is currently owned by company insiders.

About Teledyne Technologies

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.