3,218 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Bought by Allianz SE

Allianz SE bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,218 shares of the scientific and technical instruments company’s stock, valued at approximately $1,497,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TDY. Brooklyn Investment Group bought a new stake in shares of Teledyne Technologies during the 3rd quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Teledyne Technologies during the third quarter worth $39,000. Millstone Evans Group LLC bought a new position in shares of Teledyne Technologies in the 4th quarter valued at $42,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Teledyne Technologies during the 4th quarter valued at $46,000. Finally, Tortoise Investment Management LLC grew its position in Teledyne Technologies by 63.2% during the 4th quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company’s stock worth $58,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

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

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $494.78 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The business’s 50 day simple moving average is $501.03 and its 200 day simple moving average is $474.86. The stock has a market capitalization of $23.17 billion, a PE ratio of 28.72, a PEG ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data 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. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $5.44 earnings per share. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Insider Activity at Teledyne Technologies

In other news, COO George C. Bobb III sold 6,308 shares of Teledyne Technologies stock in a transaction on Friday, January 24th. The shares were sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the sale, the chief operating officer now owns 10,482 shares in the company, valued at $5,322,445.14. The trade was a 37.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the transaction, the vice president now directly owns 4,962 shares in the company, valued at approximately $2,522,383.08. This represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,571 shares of company stock worth $17,709,721 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

About Teledyne Technologies

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.