Millstone Evans Group LLC Purchases Shares of 91 Teledyne Technologies Incorporated (NYSE:TDY)

Millstone Evans Group LLC bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 91 shares of the scientific and technical instruments company’s stock, valued at approximately $42,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in Teledyne Technologies by 38.1% during the third quarter. Empowered Funds LLC now owns 851 shares of the scientific and technical instruments company’s stock valued at $372,000 after buying an additional 235 shares in the last quarter. Pathstone Holdings LLC increased its holdings in Teledyne Technologies by 2.0% in the 3rd quarter. Pathstone Holdings LLC now owns 3,918 shares of the scientific and technical instruments company’s stock valued at $1,715,000 after purchasing an additional 77 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Teledyne Technologies in the third quarter valued at about $435,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Teledyne Technologies by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 291,279 shares of the scientific and technical instruments company’s stock worth $127,481,000 after purchasing an additional 2,206 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Teledyne Technologies by 4.8% in the third quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock worth $241,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 1.2 %

TDY stock opened at $507.63 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $498.18 and a 200-day simple moving average of $472.92. The company has a market capitalization of $23.78 billion, a P/E ratio of 29.46, a PEG ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50.

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 the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the firm earned $5.44 EPS. The company’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, COO George C. Bobb III sold 6,308 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the sale, the chief operating officer now directly owns 10,482 shares of the company’s stock, valued at approximately $5,322,445.14. This represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the transaction, the executive vice president now directly owns 26,529 shares of the company’s stock, valued at $13,794,018.84. This trade represents a 2.59 % 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 over the last quarter. 2.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TDY has been the topic of several analyst reports. 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. UBS Group started coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price on the stock. Finally, Bank of America raised their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a report on Monday, March 17th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $548.00.

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.