Walter Public Investments Inc. Acquires 6,611 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Walter Public Investments Inc. boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 35.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,183 shares of the scientific and technical instruments company’s stock after acquiring an additional 6,611 shares during the quarter. Teledyne Technologies accounts for about 2.1% of Walter Public Investments Inc.’s investment portfolio, making the stock its 25th largest position. Walter Public Investments Inc. owned 0.05% of Teledyne Technologies worth $11,688,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TDY. Mirae Asset Global Investments Co. Ltd. increased its stake in Teledyne Technologies by 37.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,114 shares of the scientific and technical instruments company’s stock worth $1,357,000 after acquiring an additional 850 shares during the last quarter. Forsta AP Fonden boosted its holdings in shares of Teledyne Technologies by 9.3% in the 3rd quarter. Forsta AP Fonden now owns 8,200 shares of the scientific and technical instruments company’s stock worth $3,589,000 after purchasing an additional 700 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in shares of Teledyne Technologies by 6.5% in the 3rd quarter. Diversify Wealth Management LLC now owns 2,945 shares of the scientific and technical instruments company’s stock worth $1,384,000 after purchasing an additional 180 shares in the last quarter. Congress Asset Management Co. boosted its holdings in shares of Teledyne Technologies by 0.7% in the 3rd quarter. Congress Asset Management Co. now owns 274,769 shares of the scientific and technical instruments company’s stock worth $120,255,000 after purchasing an additional 1,805 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its holdings in shares of Teledyne Technologies by 7.2% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,784 shares of the scientific and technical instruments company’s stock worth $781,000 after purchasing an additional 120 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 2,025 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total value of $968,456.25. Following the completion of the sale, the director now owns 54,935 shares in the company, valued at approximately $26,272,663.75. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Robert Mehrabian sold 5,768 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $518.22, for a total value of $2,989,092.96. Following the completion of the sale, the chairman now owns 144,553 shares of the company’s stock, valued at approximately $74,910,255.66. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,190 shares of company stock worth $16,386,864 in the last ninety days. 1.88% of the stock is owned by company insiders.

Teledyne Technologies Trading Up 0.1 %

Shares of TDY stock opened at $501.07 on Thursday. The stock has a market capitalization of $23.47 billion, a PE ratio of 29.08, a P/E/G ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50. The business has a 50-day moving average of $486.23 and a 200 day moving average of $462.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.

Teledyne Technologies (NYSE:TDY) last issued its 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. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $5.44 EPS. As a group, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TDY shares. UBS Group started coverage on Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $585.00 price objective on shares of Teledyne Technologies in a report on Wednesday, February 5th. Finally, Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $538.00.

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.