Chilton Investment Co. Inc. raised its position in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 12.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,617 shares of the scientific and technical instruments company’s stock after buying an additional 1,585 shares during the quarter. Chilton Investment Co. Inc.’s holdings in Teledyne Technologies were worth $8,566,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of TDY. Dodge & Cox purchased a new stake in shares of Teledyne Technologies in the second quarter valued at about $767,307,000. Norges Bank purchased a new position in Teledyne Technologies during the second quarter worth about $317,986,000. Artisan Partners Limited Partnership purchased a new position in Teledyne Technologies during the third quarter worth about $129,791,000. Public Sector Pension Investment Board lifted its position in Teledyne Technologies by 4,520.4% in the third quarter. Public Sector Pension Investment Board now owns 206,440 shares of the scientific and technical instruments company’s stock valued at $120,982,000 after purchasing an additional 201,972 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new stake in Teledyne Technologies in the third quarter valued at about $108,576,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.
Teledyne Technologies Stock Performance
NYSE TDY opened at $639.41 on Friday. The business has a 50 day moving average price of $627.08 and a 200 day moving average price of $566.46. The company has a market capitalization of $29.61 billion, a P/E ratio of 33.81, a PEG ratio of 3.16 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. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 1.08.
Insider Activity
In other Teledyne Technologies news, Director Michael T. Smith sold 2,469 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the completion of the transaction, the director directly owned 47,328 shares in the company, valued at approximately $29,390,688. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jason Vanwees sold 2,500 shares of Teledyne Technologies stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $630.46, for a total transaction of $1,576,150.00. Following the transaction, the insider owned 2,644 shares of the company’s stock, valued at approximately $1,666,936.24. The trade was a 48.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,500 shares of company stock worth $7,214,750 over the last quarter. Insiders own 1.50% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Jefferies Financial Group boosted their target price on Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Citigroup lifted their price target on Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Needham & Company LLC upped their price objective on Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Barclays raised their target price on Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $650.33.
Check Out Our Latest Stock Analysis on Teledyne Technologies
Teledyne Technologies Company 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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