Callan Family Office LLC Invests $2.05 Million in Teledyne Technologies Incorporated (NYSE:TDY)

Callan Family Office LLC purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,419 shares of the scientific and technical instruments company’s stock, valued at approximately $2,051,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TDY. Stephens Inc. AR boosted its position in shares of Teledyne Technologies by 13.0% in the 3rd quarter. Stephens Inc. AR now owns 669 shares of the scientific and technical instruments company’s stock worth $293,000 after purchasing an additional 77 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Teledyne Technologies by 9.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 553 shares of the scientific and technical instruments company’s stock worth $242,000 after purchasing an additional 48 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Teledyne Technologies by 17.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,402 shares of the scientific and technical instruments company’s stock worth $660,000 after purchasing an additional 211 shares during the last quarter. Crestwood Advisors Group LLC bought a new position in Teledyne Technologies during the third quarter worth about $220,000. Finally, Principal Financial Group Inc. lifted its holdings in Teledyne Technologies by 1.7% during the third quarter. Principal Financial Group Inc. now owns 55,849 shares of the scientific and technical instruments company’s stock worth $24,443,000 after acquiring an additional 915 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Performance

TDY opened at $483.04 on Friday. The business’s 50-day moving average price is $490.91 and its two-hundred day moving average price is $466.97. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $522.50. The company has a market capitalization of $22.62 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 3.14 and a beta of 1.03. 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 (NYSE:TDY) last released its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted $5.44 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on TDY shares. Needham & Company LLC reiterated a “buy” rating and set a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Finally, UBS Group started coverage on Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price on the stock. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies has an average rating of “Buy” and an average price target of $538.00.

Insider Buying and Selling at Teledyne Technologies

In related news, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $508.34, for a total value of $2,920,413.30. Following the sale, the vice president now owns 4,962 shares of the company’s stock, valued at approximately $2,522,383.08. The trade was a 53.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert Mehrabian sold 5,768 shares of Teledyne Technologies stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $518.22, for a total value of $2,989,092.96. Following the completion of the sale, the chairman now directly owns 144,553 shares in the company, valued at approximately $74,910,255.66. This represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,596 shares of company stock valued at $18,678,177 in the last 90 days. 2.14% of the stock is currently owned by company insiders.

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.