Keybank National Association OH Has $837,000 Position in Teledyne Technologies Incorporated (NYSE:TDY)

Keybank National Association OH increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,803 shares of the scientific and technical instruments company’s stock after purchasing an additional 69 shares during the quarter. Keybank National Association OH’s holdings in Teledyne Technologies were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Teledyne Technologies in the 3rd quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new position in Teledyne Technologies in the 3rd quarter valued at $39,000. Newbridge Financial Services Group Inc. acquired a new position in Teledyne Technologies in the 4th quarter valued at $46,000. Private Trust Co. NA raised its holdings 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 acquiring an additional 52 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings 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 acquiring an additional 48 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Melanie Susan Cibik sold 706 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the sale, the executive vice president now owns 26,529 shares in the company, valued at $13,794,018.84. The trade was a 2.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Cynthia Y. Belak sold 5,745 shares of the company’s stock in a transaction dated 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 in the company, valued at $2,522,383.08. This trade represents a 53.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,596 shares of company stock worth $18,678,177 in the last 90 days. Insiders own 2.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TDY. UBS Group began coverage on Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies has a consensus rating of “Buy” and an average target price of $538.00.

Teledyne Technologies Trading Down 1.7 %

Shares of TDY opened at $483.04 on Friday. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $522.50. The business’s fifty day moving average is $490.91 and its 200-day moving average is $467.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The firm has a market cap of $22.62 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data 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 business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.44 EPS. Equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies Company 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.