One Wealth Capital Management LLC Makes New $233,000 Investment in Teledyne Technologies Incorporated (NYSE:TDY)

One Wealth Capital Management LLC purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 502 shares of the scientific and technical instruments company’s stock, valued at approximately $233,000.

Several other large investors have also modified their holdings of TDY. Wolff Wiese Magana LLC purchased a new stake in Teledyne Technologies in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of Teledyne Technologies in the third quarter valued at $32,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Teledyne Technologies in the third quarter valued at $39,000. Brown Brothers Harriman & Co. boosted its stake in shares of Teledyne Technologies by 1,081.8% during the second quarter. Brown Brothers Harriman & Co. now owns 130 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 119 shares during the last quarter. Finally, Quarry LP increased its position in Teledyne Technologies by 706.3% during the 2nd quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 113 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TDY has been the topic of several analyst reports. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. TD Cowen raised their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Needham & Company LLC raised their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, UBS Group initiated coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $531.00.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $488.71, for a total value of $733,065.00. Following the completion of the transaction, the insider now owns 2,900 shares in the company, valued at $1,417,259. This represents a 34.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert Mehrabian sold 46,075 shares of Teledyne Technologies stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the sale, the chairman now owns 171,802 shares in the company, valued at $83,724,268.66. This represents a 21.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,525 shares of company stock valued at $26,080,464 over the last 90 days. Corporate insiders own 2.14% of the company’s stock.

Teledyne Technologies Trading Up 0.5 %

Teledyne Technologies stock traded up $2.49 during midday trading on Tuesday, reaching $458.00. The stock had a trading volume of 137,952 shares, compared to its average volume of 193,058. The stock’s 50-day simple moving average is $472.37 and its 200 day simple moving average is $438.76. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $492.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. The stock has a market capitalization of $21.34 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 3.30 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.13. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $5.05 EPS. Analysts expect that Teledyne Technologies Incorporated will post 19.45 EPS for the current year.

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.