Charles Schwab Investment Management Inc. Buys 2,928 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Charles Schwab Investment Management Inc. grew its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 260,489 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,928 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.55% of Teledyne Technologies worth $107,090,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Baird Financial Group Inc. boosted its holdings in shares of Teledyne Technologies by 2.6% in the fourth quarter. Baird Financial Group Inc. now owns 944 shares of the scientific and technical instruments company’s stock valued at $378,000 after buying an additional 24 shares during the period. First Manhattan Co. boosted its stake in Teledyne Technologies by 0.6% in the 4th quarter. First Manhattan Co. now owns 4,466 shares of the scientific and technical instruments company’s stock worth $1,786,000 after purchasing an additional 28 shares during the period. Keybank National Association OH increased its holdings in Teledyne Technologies by 1.8% during the 2nd quarter. Keybank National Association OH now owns 1,568 shares of the scientific and technical instruments company’s stock worth $645,000 after purchasing an additional 28 shares in the last quarter. CWM LLC raised its stake in shares of Teledyne Technologies by 6.2% in the 2nd quarter. CWM LLC now owns 481 shares of the scientific and technical instruments company’s stock valued at $198,000 after purchasing an additional 28 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Teledyne Technologies by 19.3% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 179 shares of the scientific and technical instruments company’s stock valued at $80,000 after purchasing an additional 29 shares in the last quarter. 87.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group raised Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $423.00 to $495.00 in a research report on Monday, August 14th. Needham & Company LLC restated a “buy” rating and set a $455.00 target price on shares of Teledyne Technologies in a report on Tuesday, October 24th. BNP Paribas began coverage on shares of Teledyne Technologies in a research note on Thursday, October 5th. They issued an “outperform” rating and a $530.00 price target on the stock. UBS Group began coverage on shares of Teledyne Technologies in a research note on Wednesday, September 27th. They set a “buy” rating and a $495.00 price objective for the company. Finally, StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Monday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $503.86.

Insider Transactions at Teledyne Technologies

In other news, Director Michael T. Smith sold 1,071 shares of Teledyne Technologies stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $395.00, for a total transaction of $423,045.00. Following the completion of the transaction, the director now directly owns 56,492 shares in the company, valued at approximately $22,314,340. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Michael T. Smith sold 1,071 shares of Teledyne Technologies stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $395.00, for a total transaction of $423,045.00. Following the completion of the transaction, the director now directly owns 56,492 shares in the company, valued at approximately $22,314,340. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Mehrabian sold 45,500 shares of Teledyne Technologies stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $416.13, for a total value of $18,933,915.00. Following the transaction, the chief executive officer now owns 196,052 shares of the company’s stock, valued at $81,583,118.76. The disclosure for this sale can be found here. In the last three months, insiders sold 62,717 shares of company stock worth $26,140,340. 2.14% of the stock is owned by company insiders.

Teledyne Technologies Stock Up 0.1 %

Teledyne Technologies stock opened at $390.98 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.68 and a quick ratio of 1.10. The company’s 50-day moving average is $396.72 and its 200-day moving average is $401.29. The firm has a market capitalization of $18.45 billion, a PE ratio of 23.71, a P/E/G ratio of 2.51 and a beta of 1.02. Teledyne Technologies Incorporated has a fifty-two week low of $364.98 and a fifty-two week high of $448.71.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $5.05 EPS for the quarter, topping analysts’ consensus estimates of $4.76 by $0.29. Teledyne Technologies had a return on equity of 10.86% and a net margin of 14.02%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the company posted $4.54 earnings per share. Teledyne Technologies’s quarterly revenue was up 2.9% on a year-over-year basis. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.31 earnings per share for the current year.

Teledyne Technologies Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, France, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.