NewEdge Wealth LLC Has $4.27 Million Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

NewEdge Wealth LLC lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 4.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,193 shares of the scientific and technical instruments company’s stock after purchasing an additional 391 shares during the quarter. NewEdge Wealth LLC’s holdings in Teledyne Technologies were worth $4,267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TDY. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Teledyne Technologies by 37.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,114 shares of the scientific and technical instruments company’s stock valued at $1,357,000 after purchasing an additional 850 shares during the period. Diversify Wealth Management LLC grew its position in shares of Teledyne Technologies by 6.5% in the 3rd quarter. Diversify Wealth Management LLC now owns 2,945 shares of the scientific and technical instruments company’s stock valued at $1,384,000 after purchasing an additional 180 shares during the period. Congress Asset Management Co. grew its position in shares of Teledyne Technologies by 0.7% in the 3rd quarter. Congress Asset Management Co. now owns 274,769 shares of the scientific and technical instruments company’s stock valued at $120,255,000 after purchasing an additional 1,805 shares during the period. Rice Hall James & Associates LLC grew its position in shares of Teledyne Technologies by 7.2% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,784 shares of the scientific and technical instruments company’s stock valued at $781,000 after purchasing an additional 120 shares during the period. Finally, Cigna Investments Inc. New acquired a new position in Teledyne Technologies during the 3rd quarter worth approximately $217,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO George C. Bobb III sold 6,308 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the sale, the chief operating officer now owns 10,482 shares of the company’s stock, valued at approximately $5,322,445.14. This represents a 37.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael T. Smith sold 2,025 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $478.25, for a total value 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 approximately $26,272,663.75. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,190 shares of company stock valued at $16,386,864. 1.88% of the stock is owned by insiders.

Teledyne Technologies Trading Down 0.1 %

NYSE TDY opened at $500.73 on Friday. The company has a market cap of $23.45 billion, a PE ratio of 29.06, a PEG ratio of 3.14 and a beta of 1.03. 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 $487.08 and a 200-day moving average of $463.14.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating the consensus estimate 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 revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.44 EPS. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.