Jefferies Financial Group Inc. acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,400 shares of the scientific and technical instruments company’s stock, valued at approximately $4,923,000.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Teledyne Technologies by 1.2% during the third quarter. Vanguard Group Inc. now owns 5,910,808 shares of the scientific and technical instruments company’s stock worth $3,463,970,000 after buying an additional 69,284 shares during the last quarter. State Street Corp boosted its position in Teledyne Technologies by 2.2% during the second quarter. State Street Corp now owns 2,143,419 shares of the scientific and technical instruments company’s stock valued at $1,098,095,000 after acquiring an additional 46,916 shares during the last quarter. Dodge & Cox acquired a new stake in Teledyne Technologies during the 2nd quarter worth about $767,307,000. Geode Capital Management LLC grew its holdings in Teledyne Technologies by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,242,610 shares of the scientific and technical instruments company’s stock worth $635,107,000 after acquiring an additional 28,461 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Teledyne Technologies by 2.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 942,825 shares of the scientific and technical instruments company’s stock worth $552,536,000 after acquiring an additional 24,222 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.
Teledyne Technologies Price Performance
TDY stock opened at $654.03 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.08. The company’s 50-day moving average is $616.33 and its 200-day moving average is $563.67. The stock has a market capitalization of $30.29 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 3.20 and a beta of 0.99. Teledyne Technologies Incorporated has a 1 year low of $419.00 and a 1 year high of $693.38.
Insider Buying and Selling
In other news, Director Michael T. Smith sold 2,469 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the completion of the sale, the director owned 47,328 shares in the company, valued at $29,390,688. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Jason Vanwees sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $630.46, for a total value of $1,576,150.00. Following the transaction, the insider directly owned 2,644 shares in the company, valued at $1,666,936.24. The trade was a 48.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,500 shares of company stock valued at $7,214,750 in the last three months. Insiders own 1.50% of the company’s stock.
Analyst Ratings Changes
TDY has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price objective on Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Stifel Nicolaus lifted their target price on Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Morgan Stanley increased their price target on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Finally, Barclays raised their price objective on shares of Teledyne Technologies from $579.00 to $599.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average price target of $650.33.
Check Out Our Latest Report on TDY
Teledyne Technologies Profile
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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