Generali Asset Management SPA SGR Invests $102,000 in Teledyne Technologies Incorporated (NYSE:TDY)

Generali Asset Management SPA SGR acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 220 shares of the scientific and technical instruments company’s stock, valued at approximately $102,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TDY. Empowered Funds LLC raised its stake in shares of Teledyne Technologies by 38.1% during the 3rd quarter. Empowered Funds LLC now owns 851 shares of the scientific and technical instruments company’s stock worth $372,000 after purchasing an additional 235 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of Teledyne Technologies by 2.0% during the 3rd quarter. Pathstone Holdings LLC now owns 3,918 shares of the scientific and technical instruments company’s stock worth $1,715,000 after acquiring an additional 77 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Teledyne Technologies during the 3rd quarter worth approximately $435,000. Intech Investment Management LLC increased its holdings in shares of Teledyne Technologies by 70.4% during the 3rd quarter. Intech Investment Management LLC now owns 11,019 shares of the scientific and technical instruments company’s stock worth $4,823,000 after acquiring an additional 4,552 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Teledyne Technologies by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 291,279 shares of the scientific and technical instruments company’s stock worth $127,481,000 after acquiring an additional 2,206 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $502.73 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The stock’s fifty day moving average price is $497.26 and its two-hundred day moving average price is $471.72. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates of $5.23 by $0.29. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.44 EPS. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Transactions at Teledyne Technologies

In other news, EVP Melanie Susan Cibik sold 706 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the sale, the executive vice president now directly owns 26,529 shares of the company’s stock, valued at approximately $13,794,018.84. This represents a 2.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Cynthia Y. Belak sold 5,745 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $508.34, for a total value of $2,920,413.30. Following the sale, the vice president now directly owns 4,962 shares in the company, valued at approximately $2,522,383.08. This trade represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,571 shares of company stock valued at $17,709,721. 2.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on TDY shares. Bank of America boosted their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Needham & Company LLC reissued a “buy” rating and set a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Finally, UBS Group started coverage on Teledyne Technologies in a report 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 MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $548.00.

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.