Ironwood Investment Management LLC Purchases 22 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Ironwood Investment Management LLC increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,876 shares of the scientific and technical instruments company’s stock after purchasing an additional 22 shares during the period. Ironwood Investment Management LLC’s holdings in Teledyne Technologies were worth $1,335,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group bought a new stake in Teledyne Technologies in the 3rd quarter valued at $32,000. Wilmington Savings Fund Society FSB bought a new position in Teledyne Technologies during the third quarter worth about $39,000. Newbridge Financial Services Group Inc. acquired a new stake in Teledyne Technologies during the fourth quarter valued at approximately $46,000. Tortoise Investment Management LLC grew its stake in shares of Teledyne Technologies by 63.2% in the 4th quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company’s stock valued at $58,000 after purchasing an additional 48 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of 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 worth $80,000 after buying an additional 52 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the sale, the insider now directly owns 51,324 shares of the company’s stock, valued at $26,691,559.44. This represents a 6.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Cynthia Y. Belak sold 5,745 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the completion of the sale, the vice president now owns 4,962 shares in the company, valued at $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 34,571 shares of company stock worth $17,709,721 in the last three months. Insiders own 2.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TDY. UBS Group initiated coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $585.00 price target on shares of Teledyne Technologies in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $538.00.

Teledyne Technologies Stock Performance

Teledyne Technologies stock opened at $491.72 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $23.03 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 3.14 and a beta of 1.03. 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 simple moving average of $493.19 and a 200 day simple moving average of $469.25.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.44 earnings per share. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share 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.