Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. increased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,928 shares of the scientific and technical instruments company’s stock after acquiring an additional 43 shares during the period. First Citizens Bank & Trust Co.’s holdings in Teledyne Technologies were worth $4,608,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TDY. Metis Global Partners LLC lifted its position in shares of Teledyne Technologies by 1.6% during the 3rd quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company’s stock valued at $663,000 after acquiring an additional 24 shares during the period. Crumly & Associates Inc. grew its stake in Teledyne Technologies by 3.8% in the 3rd quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company’s stock worth $296,000 after acquiring an additional 25 shares during the period. Raymond James Trust N.A. grew its stake in Teledyne Technologies by 4.8% in the 3rd quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock worth $241,000 after acquiring an additional 25 shares during the period. Bleakley Financial Group LLC grew its stake in Teledyne Technologies by 4.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company’s stock worth $298,000 after acquiring an additional 26 shares during the period. Finally, Frank Rimerman Advisors LLC grew its stake in shares of Teledyne Technologies by 4.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 781 shares of the scientific and technical instruments company’s stock valued at $342,000 after buying an additional 36 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 3,925 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the transaction, the chairman now directly owns 171,802 shares of the company’s stock, valued at approximately $84,268,881. This trade represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Jason Vanwees sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $488.71, for a total transaction of $733,065.00. Following the transaction, the insider now directly owns 2,900 shares in the company, valued at approximately $1,417,259. This represents a 34.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,525 shares of company stock worth $26,080,464 over the last quarter. 2.14% of the stock is currently owned by insiders.

Teledyne Technologies Trading Down 0.0 %

TDY opened at $515.00 on Friday. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $518.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.35. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. The firm has a 50 day simple moving average of $473.74 and a 200 day simple moving average of $447.34.

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. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1,451,400 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.44 earnings per share. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.3 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TD Cowen upped their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Needham & Company LLC upped their target price on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. UBS Group initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target for the company. Finally, Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $531.00.

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.