KBC Group NV Increases Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

KBC Group NV increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,135 shares of the scientific and technical instruments company’s stock after purchasing an additional 67 shares during the quarter. KBC Group NV’s holdings in Teledyne Technologies were worth $4,436,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TDY. Vanguard Group Inc. boosted its holdings in shares of Teledyne Technologies by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 5,534,111 shares of the scientific and technical instruments company’s stock worth $2,375,905,000 after buying an additional 16,189 shares during the last quarter. Janus Henderson Group PLC raised its position in Teledyne Technologies by 3.2% in the first quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock worth $676,041,000 after acquiring an additional 48,397 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Teledyne Technologies by 17.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after acquiring an additional 186,849 shares during the last quarter. Earnest Partners LLC increased its stake in shares of Teledyne Technologies by 3.5% during the 2nd quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company’s stock worth $154,665,000 after purchasing an additional 13,576 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Teledyne Technologies by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 375,265 shares of the scientific and technical instruments company’s stock worth $145,594,000 after purchasing an additional 32,339 shares during the period. 91.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on TDY. Vertical Research began coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price for the company. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $450.00 to $550.00 in a report on Friday, November 8th. TD Cowen boosted their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Needham & Company LLC increased 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. Finally, StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $517.50.

Teledyne Technologies Stock Performance

Shares of TDY opened at $470.15 on Monday. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $492.00. The stock’s 50-day simple moving average is $450.27 and its 200 day simple moving average is $418.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. The stock has a market capitalization of $21.91 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 3.26 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $5.05 earnings per share. Research analysts forecast that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 3,925 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $490.50, for a total value of $1,925,212.50. Following the sale, the chairman now owns 171,802 shares of the company’s stock, valued at $84,268,881. This trade represents a 2.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.14% of the company’s stock.

About Teledyne Technologies

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.