KBC Group NV Raises Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

KBC Group NV raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 9.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,138 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,003 shares during the period. KBC Group NV’s holdings in Teledyne Technologies were worth $5,170,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Wolff Wiese Magana LLC acquired a new stake in shares of Teledyne Technologies during the 3rd quarter worth about $27,000. Brooklyn Investment Group purchased a new position in Teledyne Technologies during the third quarter worth about $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Teledyne Technologies during the third quarter valued at about $39,000. Quarry LP raised its stake in shares of Teledyne Technologies by 706.3% in the 2nd quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 113 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Teledyne Technologies by 432.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock worth $58,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 2.0 %

NYSE:TDY opened at $519.03 on Friday. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $519.38. The firm has a market cap of $24.19 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. The company has a current ratio of 2.33, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $476.25 and a 200 day moving average price of $449.79.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business posted $5.44 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on TDY shares. TD Cowen boosted their target price on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. 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 on the stock. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $450.00 to $550.00 in a report on Friday, November 8th. Finally, Needham & Company LLC boosted their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $531.00.

Insiders Place Their Bets

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 2,699 shares of Teledyne Technologies stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $510.03, for a total transaction of $1,376,570.97. Following the completion of the sale, the executive vice president now directly owns 27,235 shares of the company’s stock, valued at $13,890,667.05. The trade was a 9.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael T. Smith sold 2,025 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $478.25, for a total value of $968,456.25. Following the completion of the transaction, the director now owns 54,935 shares in the company, valued at approximately $26,272,663.75. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,915 shares of company stock worth $35,954,556 in the last 90 days. Corporate insiders own 2.14% of the company’s stock.

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.