Victory Capital Management Inc. Raises Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Victory Capital Management Inc. raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,436 shares of the scientific and technical instruments company’s stock after purchasing an additional 563 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Teledyne Technologies worth $13,758,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TDY. Janus Henderson Group PLC grew its position in Teledyne Technologies by 3.2% in the first quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock worth $676,041,000 after acquiring an additional 48,397 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Teledyne Technologies by 17.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after purchasing an additional 186,849 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of Teledyne Technologies by 3.5% during the 2nd quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company’s stock worth $154,665,000 after purchasing an additional 13,576 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Teledyne Technologies by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 375,265 shares of the scientific and technical instruments company’s stock worth $145,594,000 after purchasing an additional 32,339 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Teledyne Technologies by 4.4% in the 2nd quarter. Sei Investments Co. now owns 367,770 shares of the scientific and technical instruments company’s stock valued at $142,689,000 after buying an additional 15,604 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TDY shares. Vertical Research began coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target for the company. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $450.00 to $550.00 in a report on Friday, November 8th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Needham & Company LLC lifted their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, TD Cowen increased their target price on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies has an average rating of “Buy” and a consensus price target of $517.50.

Insider Buying and Selling at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 3,925 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the completion of the transaction, the chairman now owns 171,802 shares in the company, valued at approximately $84,268,881. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.88% of the company’s stock.

Teledyne Technologies Stock Down 0.2 %

Shares of NYSE TDY opened at $464.84 on Wednesday. The stock has a market cap of $21.66 billion, a P/E ratio of 23.50, a PEG ratio of 3.26 and a beta of 1.01. The business’s fifty day simple moving average is $451.10 and its 200-day simple moving average is $419.59. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $492.00. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last announced 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. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business posted $5.05 EPS. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 19.45 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.