Sequoia Financial Advisors LLC Purchases 262 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Sequoia Financial Advisors LLC raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 34.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,029 shares of the scientific and technical instruments company’s stock after acquiring an additional 262 shares during the period. Sequoia Financial Advisors LLC’s holdings in Teledyne Technologies were worth $459,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Teledyne Technologies by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,440,032 shares of the scientific and technical instruments company’s stock worth $2,222,688,000 after purchasing an additional 13,645 shares during the period. BlackRock Inc. increased its holdings in shares of Teledyne Technologies by 1.3% in the first quarter. BlackRock Inc. now owns 3,659,332 shares of the scientific and technical instruments company’s stock worth $1,637,039,000 after buying an additional 46,007 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Teledyne Technologies by 2.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,717,685 shares of the scientific and technical instruments company’s stock valued at $1,086,830,000 after acquiring an additional 60,379 shares during the last quarter. State Street Corp boosted its holdings in Teledyne Technologies by 2.7% during the 1st quarter. State Street Corp now owns 1,894,981 shares of the scientific and technical instruments company’s stock valued at $847,739,000 after acquiring an additional 50,307 shares during the period. Finally, Aristotle Capital Management LLC bought a new position in Teledyne Technologies during the 3rd quarter worth approximately $698,325,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Michael T. Smith sold 511 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total transaction of $220,241.00. Following the transaction, the director now owns 56,492 shares in the company, valued at approximately $24,348,052. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Michael T. Smith sold 511 shares of Teledyne Technologies stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total transaction of $220,241.00. Following the sale, the director now directly owns 56,492 shares in the company, valued at $24,348,052. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the transaction, the director now owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The disclosure for this sale can be found here. Insiders sold 6,711 shares of company stock worth $2,890,621 over the last three months. Company insiders own 1.88% of the company’s stock.

Analysts Set New Price Targets

TDY has been the subject of a number of analyst reports. Needham & Company LLC dropped their price objective on Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $515.67.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $400.27 on Thursday. The business has a 50 day moving average of $422.58 and a 200 day moving average of $415.20. Teledyne Technologies Incorporated has a 52 week low of $364.98 and a 52 week high of $448.19. The company has a market cap of $18.97 billion, a PE ratio of 21.64, a P/E/G ratio of 2.58 and a beta of 1.02. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 EPS for the quarter, topping the consensus estimate of $5.04 by $0.40. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $4.94 EPS. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 20.56 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 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.