2,430 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Bought by ING Groep NV

ING Groep NV purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,430 shares of the scientific and technical instruments company’s stock, valued at approximately $1,064,000.

Other hedge funds also recently bought and sold shares of the company. Wolff Wiese Magana LLC bought a new stake in Teledyne Technologies during the 3rd quarter valued at approximately $27,000. American National Bank bought a new stake in shares of Teledyne Technologies in the second quarter valued at approximately $28,000. Innealta Capital LLC acquired a new stake in shares of Teledyne Technologies in the second quarter worth $28,000. Tortoise Investment Management LLC increased its position in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 24 shares during the period. Finally, Crewe Advisors LLC raised its stake in Teledyne Technologies by 319.0% during the 2nd quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Trading Down 1.3 %

Shares of TDY opened at $470.15 on Monday. The stock has a 50 day simple moving average of $450.27 and a 200-day simple moving average of $418.77. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. The stock has a market cap of $21.91 billion, a PE ratio of 23.77, a PEG ratio of 3.26 and a beta of 1.01. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $492.00.

Teledyne Technologies (NYSE:TDY) last issued 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 analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $5.05 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts predict that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Chairman Robert Mehrabian sold 3,925 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $490.50, for a total value of $1,925,212.50. Following the transaction, the chairman now directly owns 171,802 shares of the company’s stock, valued at $84,268,881. The trade was a 2.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.