West Oak Capital LLC Has $5.24 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

West Oak Capital LLC raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 4,721.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,283 shares of the scientific and technical instruments company’s stock after acquiring an additional 11,049 shares during the quarter. Teledyne Technologies comprises 1.6% of West Oak Capital LLC’s portfolio, making the stock its 11th largest position. West Oak Capital LLC’s holdings in Teledyne Technologies were worth $5,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Metis Global Partners LLC boosted its position in shares of Teledyne Technologies by 1.6% during the third quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company’s stock worth $663,000 after purchasing an additional 24 shares in the last quarter. Crumly & Associates Inc. boosted its position in shares of Teledyne Technologies by 3.8% during the third quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company’s stock worth $296,000 after purchasing an additional 25 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Teledyne Technologies by 4.8% during 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 purchasing an additional 25 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Teledyne Technologies by 4.0% during the third quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company’s stock worth $298,000 after purchasing an additional 26 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its position in shares of Teledyne Technologies by 3.9% during the second quarter. Summit Trail Advisors LLC now owns 720 shares of the scientific and technical instruments company’s stock worth $279,000 after purchasing an additional 27 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Robert Mehrabian sold 3,925 shares of Teledyne Technologies stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the completion of the sale, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $84,268,881. The trade was a 2.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael T. Smith sold 2,025 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $478.25, for a total transaction of $968,456.25. Following the completion of the sale, the director now directly owns 54,935 shares of the company’s stock, valued at $26,272,663.75. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,525 shares of company stock valued at $26,080,464. Company insiders own 2.14% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock traded down $5.45 during trading on Friday, hitting $456.51. 186,158 shares of the stock were exchanged, compared to its average volume of 206,993. The stock has a market capitalization of $21.27 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 3.30 and a beta of 1.01. The company has a fifty day moving average price of $472.42 and a 200-day moving average price of $439.58. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $492.00. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.97 by $0.13. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. Teledyne Technologies’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.05 EPS. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.