B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 995 Teledyne Technologies Incorporated (NYSE:TDY)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 995 shares of the scientific and technical instruments company’s stock, valued at approximately $435,000.

Other hedge funds have also modified their holdings of the company. Wolff Wiese Magana LLC purchased a new position in Teledyne Technologies in the third quarter worth $27,000. American National Bank purchased a new position in shares of Teledyne Technologies in the 2nd quarter valued at about $28,000. Innealta Capital LLC acquired a new stake in shares of Teledyne Technologies in the second quarter valued at about $28,000. Tortoise Investment Management LLC boosted its holdings in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 24 shares in the last quarter. Finally, Crewe Advisors LLC grew its position in Teledyne Technologies by 319.0% during the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 67 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Price Performance

TDY stock opened at $483.69 on Monday. 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’s 50 day moving average price is $454.91 and its 200 day moving average price is $421.76. The firm has a market cap of $22.54 billion, a P/E ratio of 24.45, a PEG ratio of 3.33 and a beta of 1.01. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $492.00.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TDY shares. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $450.00 to $550.00 in a research report on Friday, November 8th. Needham & Company LLC lifted their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, November 11th. TD Cowen upped their target price on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $517.50.

Insiders Place Their Bets

In related news, Chairman Robert Mehrabian sold 46,075 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the transaction, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. This represents a 21.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.14% of the stock is owned by corporate insiders.

Teledyne Technologies 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.