WCM Investment Management LLC Buys 334 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

WCM Investment Management LLC boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 9.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,929 shares of the scientific and technical instruments company’s stock after acquiring an additional 334 shares during the period. WCM Investment Management LLC’s holdings in Teledyne Technologies were worth $1,828,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Covea Finance raised its position in shares of Teledyne Technologies by 25.1% during the 4th quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company’s stock valued at $9,932,000 after purchasing an additional 4,300 shares during the period. JPMorgan Chase & Co. increased its stake in Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after buying an additional 64,617 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Teledyne Technologies by 240.5% in the third quarter. Verition Fund Management LLC now owns 36,524 shares of the scientific and technical instruments company’s stock valued at $15,985,000 after acquiring an additional 25,796 shares in the last quarter. West Oak Capital LLC boosted its stake in shares of Teledyne Technologies by 4,721.8% in the fourth quarter. West Oak Capital LLC now owns 11,283 shares of the scientific and technical instruments company’s stock worth $5,237,000 after acquiring an additional 11,049 shares during the period. Finally, National Bank of Canada FI grew its position in shares of Teledyne Technologies by 217.5% during the third quarter. National Bank of Canada FI now owns 53,819 shares of the scientific and technical instruments company’s stock worth $23,554,000 after purchasing an additional 36,867 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

TDY has been the topic of a number of research analyst reports. UBS Group assumed coverage on Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Bank of America raised shares of 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 research note on Friday, November 8th. Finally, TD Cowen boosted their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies currently has an average rating of “Buy” and an average target price of $538.00.

Insider Buying and Selling at Teledyne Technologies

In other news, Director Michael T. Smith sold 2,025 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the transaction, the director now owns 54,935 shares of the company’s stock, valued at approximately $26,272,663.75. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Robert Mehrabian sold 5,007 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $510.33, for a total value of $2,555,222.31. Following the completion of the sale, the chairman now owns 144,553 shares of the company’s stock, valued at approximately $73,769,732.49. This represents a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,190 shares of company stock worth $16,386,864 over the last ninety days. Company insiders own 2.14% of the company’s stock.

Teledyne Technologies Stock Down 0.0 %

NYSE TDY opened at $511.38 on Tuesday. The stock has a 50 day moving average price of $480.48 and a 200-day moving average price of $455.64. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The company has a market capitalization of $23.83 billion, a P/E ratio of 29.68, a P/E/G ratio of 3.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $5.44 EPS. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 21.59 EPS for the current fiscal year.

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.