204,082 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Purchased by Madison Investment Advisors LLC

Madison Investment Advisors LLC bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the 4th quarter, Holdings Channel reports. The firm bought 204,082 shares of the scientific and technical instruments company’s stock, valued at approximately $94,721,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Impact Capital Partners LLC acquired a new position in shares of Teledyne Technologies in the fourth quarter valued at $630,000. EverSource Wealth Advisors LLC lifted its position in Teledyne Technologies by 6.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 721 shares of the scientific and technical instruments company’s stock worth $335,000 after acquiring an additional 46 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Teledyne Technologies by 5.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 923 shares of the scientific and technical instruments company’s stock worth $428,000 after acquiring an additional 47 shares during the last quarter. Net Worth Advisory Group grew its position in shares of Teledyne Technologies by 1.5% in the fourth quarter. Net Worth Advisory Group now owns 1,802 shares of the scientific and technical instruments company’s stock valued at $836,000 after purchasing an additional 27 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its stake in shares of Teledyne Technologies by 63.2% during the fourth quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company’s stock worth $58,000 after purchasing an additional 48 shares during the period. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $485.44 on Thursday. The firm has a market capitalization of $22.74 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50. The stock’s 50-day simple moving average is $492.11 and its 200 day simple moving average is $468.69.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the company posted $5.44 EPS. Teledyne Technologies’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TDY has been the subject of a number of research reports. UBS Group began coverage on Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies has a consensus rating of “Buy” and a consensus target price of $538.00.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the completion of the sale, the vice president now owns 4,962 shares in the company, valued at approximately $2,522,383.08. The trade was a 53.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Melanie Susan Cibik sold 706 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the transaction, the executive vice president now directly owns 26,529 shares in the company, valued at $13,794,018.84. This trade represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,571 shares of company stock valued at $17,709,721 in the last quarter. 2.14% of the stock is currently owned by company 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.