O Shaughnessy Asset Management LLC Raises Position in Teledyne Technologies Incorporated (NYSE:TDY)

O Shaughnessy Asset Management LLC increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 118.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,559 shares of the scientific and technical instruments company’s stock after purchasing an additional 845 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Teledyne Technologies were worth $724,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of Teledyne Technologies by 8.5% during the 4th quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company’s stock worth $13,166,000 after buying an additional 2,224 shares in the last quarter. Amundi raised its position in Teledyne Technologies by 11.9% in the fourth quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company’s stock worth $57,687,000 after acquiring an additional 13,244 shares in the last quarter. Covea Finance raised its position in Teledyne Technologies by 25.1% in the fourth quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company’s stock worth $9,932,000 after acquiring an additional 4,300 shares in the last quarter. ING Groep NV lifted its holdings in Teledyne Technologies by 144.9% in the fourth quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company’s stock valued at $2,763,000 after acquiring an additional 3,522 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Teledyne Technologies by 6.0% during 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 purchasing an additional 64,617 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Buying and Selling at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the sale, the insider now owns 51,324 shares in the company, valued at $26,691,559.44. This trade represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Melanie Susan Cibik sold 706 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the completion of the transaction, the executive vice president now owns 26,529 shares of the company’s stock, valued at $13,794,018.84. The trade was a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,571 shares of company stock worth $17,709,721. Corporate insiders own 1.50% of the company’s stock.

Teledyne Technologies Trading Down 0.8 %

Shares of TDY opened at $434.48 on Wednesday. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The firm has a 50 day simple moving average of $494.81 and a 200-day simple moving average of $476.79. The stock has a market cap of $20.35 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted $5.44 earnings per share. Teledyne Technologies’s revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on TDY. Bank of America raised their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, March 17th. UBS Group assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a report on Wednesday, February 5th. Finally, StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average target price of $548.00.

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.