Captrust Financial Advisors Boosts Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Captrust Financial Advisors grew its position in Teledyne Technologies Incorporated (NYSE:TDY) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,633 shares of the scientific and technical instruments company’s stock after purchasing an additional 129 shares during the quarter. Captrust Financial Advisors’ holdings in Teledyne Technologies were worth $3,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Wolff Wiese Magana LLC bought a new position in shares of Teledyne Technologies in the third quarter worth approximately $27,000. American National Bank bought a new position in shares of Teledyne Technologies in the second quarter worth approximately $28,000. Brooklyn Investment Group bought a new position in shares of Teledyne Technologies in the third quarter worth approximately $32,000. Innealta Capital LLC bought a new position in shares of Teledyne Technologies in the second quarter worth approximately $28,000. Finally, Tortoise Investment Management LLC boosted its position in shares of Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 24 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman Robert Mehrabian sold 3,925 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $490.50, for a total value of $1,925,212.50. Following the sale, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $84,268,881. This represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $450.00 to $550.00 in a report on Friday, November 8th. TD Cowen boosted their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC boosted their target price 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. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $517.50.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $478.89 on Thursday. The company has a market cap of $22.32 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 3.33 and a beta of 1.01. The firm’s fifty day moving average is $462.84 and its 200 day moving average is $426.47. 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 52-week low of $355.41 and a 52-week high of $492.00.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results 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 net margin of 16.88% and a return on equity of 10.02%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm earned $5.05 earnings per share. Teledyne Technologies’s revenue was up 2.9% on a year-over-year basis. Sell-side analysts forecast that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal 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.