Signaturefd LLC Has $335,000 Position in Teledyne Technologies Incorporated (NYSE:TDY)

Signaturefd LLC grew its position in Teledyne Technologies Incorporated (NYSE:TDY) by 15.4% during the 4th quarter, HoldingsChannel reports. The firm owned 721 shares of the scientific and technical instruments company’s stock after purchasing an additional 96 shares during the quarter. Signaturefd LLC’s holdings in Teledyne Technologies were worth $335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDY. Brooklyn Investment Group acquired a new stake in Teledyne Technologies during the 3rd quarter worth $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Teledyne Technologies in the third quarter worth about $39,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Teledyne Technologies during the fourth quarter worth about $46,000. Tortoise Investment Management LLC grew its position in shares of Teledyne Technologies by 63.2% in the 4th quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company’s stock valued at $58,000 after purchasing an additional 48 shares during the period. Finally, Private Trust Co. NA increased its stake in Teledyne Technologies by 43.0% during the 4th quarter. Private Trust Co. NA now owns 173 shares of the scientific and technical instruments company’s stock worth $80,000 after purchasing an additional 52 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of research reports. UBS Group began coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target on the stock. Bank of America boosted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, March 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $548.00.

Teledyne Technologies Price Performance

NYSE TDY opened at $502.73 on Friday. The firm’s 50 day moving average is $497.26 and its 200-day moving average is $471.72. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $23.55 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results 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 net margin of 14.45% and a return on equity of 9.94%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business earned $5.44 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Activity at Teledyne Technologies

In other news, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the transaction, the vice president now owns 4,962 shares of the company’s stock, valued at $2,522,383.08. This trade represents a 53.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO George C. Bobb III sold 6,308 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the completion of the sale, the chief operating officer now directly owns 10,482 shares in the company, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,571 shares of company stock valued at $17,709,721. 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.