GPM Growth Investors Inc. Has $3.03 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

GPM Growth Investors Inc. lowered its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,518 shares of the scientific and technical instruments company’s stock after selling 27 shares during the quarter. Teledyne Technologies accounts for about 1.3% of GPM Growth Investors Inc.’s portfolio, making the stock its 27th biggest position. GPM Growth Investors Inc.’s holdings in Teledyne Technologies were worth $3,025,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in Teledyne Technologies in the 3rd quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in Teledyne Technologies in the 3rd quarter valued at approximately $39,000. Newbridge Financial Services Group Inc. acquired a new stake in Teledyne Technologies in the 4th quarter valued at approximately $46,000. Private Trust Co. NA raised its position in Teledyne Technologies by 43.0% in the 4th quarter. Private Trust Co. NA now owns 173 shares of the scientific and technical instruments company’s stock valued at $80,000 after buying an additional 52 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Teledyne Technologies by 31.6% in the 4th quarter. Jones Financial Companies Lllp now owns 200 shares of the scientific and technical instruments company’s stock valued at $93,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TDY. Needham & Company LLC reissued a “buy” rating and issued a $585.00 target price on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, UBS Group began coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $538.00.

Insider Transactions at Teledyne Technologies

In other news, Director Michael T. Smith sold 2,025 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the completion of the transaction, the director now directly owns 54,935 shares in the company, valued at approximately $26,272,663.75. The trade was a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the sale, the vice president now owns 4,962 shares of the company’s stock, valued at $2,522,383.08. This trade represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 36,596 shares of company stock worth $18,678,177. 2.14% of the stock is owned by company insiders.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $497.38 on Thursday. The company has a current ratio of 2.33, a quick ratio of 1.61 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 $522.50. The stock has a 50 day moving average of $490.40 and a 200-day moving average of $466.36. The company has a market capitalization of $23.29 billion, a P/E ratio of 28.87, a P/E/G ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping 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 company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the company posted $5.44 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 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.