72 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Acquired by Brooklyn Investment Group

Brooklyn Investment Group bought a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 72 shares of the scientific and technical instruments company’s stock, valued at approximately $32,000.

A number of other hedge funds also recently modified their holdings of TDY. Wolff Wiese Magana LLC purchased a new position in Teledyne Technologies during the third quarter valued at approximately $27,000. American National Bank purchased a new position in shares of Teledyne Technologies during the 2nd quarter valued at $28,000. Innealta Capital LLC acquired a new position in shares of Teledyne Technologies in the second quarter worth $28,000. Tortoise Investment Management LLC raised its holdings in shares of 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 in the last quarter. Finally, Crewe Advisors LLC boosted its position in Teledyne Technologies by 319.0% during the second 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. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $487.33, for a total value of $22,453,729.75. Following the completion of the sale, the chairman now directly owns 171,802 shares of the company’s stock, valued at $83,724,268.66. This represents a 21.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TDY. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. TD Cowen increased their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC raised their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a report on Monday, November 11th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $517.50.

Teledyne Technologies Trading Down 0.1 %

Shares of TDY stock opened at $485.26 on Friday. The business’s 50 day moving average is $460.12 and its two-hundred day moving average is $424.90. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $492.00. The company has a market cap of $22.61 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 3.37 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.97 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.05 EPS. Equities analysts predict that Teledyne Technologies Incorporated will post 19.45 EPS for the current year.

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.