Stifel Financial Corp Grows Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Stifel Financial Corp lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,092 shares of the scientific and technical instruments company’s stock after buying an additional 52 shares during the period. Stifel Financial Corp owned approximately 0.11% of Teledyne Technologies worth $21,923,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Quantinno Capital Management LP boosted its holdings in Teledyne Technologies by 73.5% in the 3rd quarter. Quantinno Capital Management LP now owns 2,078 shares of the scientific and technical instruments company’s stock worth $910,000 after acquiring an additional 880 shares during the period. Royal London Asset Management Ltd. lifted its position in shares of Teledyne Technologies by 7.0% during the third quarter. Royal London Asset Management Ltd. now owns 21,942 shares of the scientific and technical instruments company’s stock worth $9,603,000 after purchasing an additional 1,444 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of Teledyne Technologies in the third quarter valued at $5,208,000. Port Capital LLC grew its holdings in Teledyne Technologies by 0.4% during the 3rd quarter. Port Capital LLC now owns 200,538 shares of the scientific and technical instruments company’s stock valued at $87,767,000 after purchasing an additional 707 shares in the last quarter. Finally, Maren Capital LLC lifted its holdings in Teledyne Technologies by 4.0% in the 3rd quarter. Maren Capital LLC now owns 275,235 shares of the scientific and technical instruments company’s stock worth $120,459,000 after buying an additional 10,598 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

TDY stock opened at $470.57 on Tuesday. The firm has a market cap of $21.93 billion, a P/E ratio of 23.79, a P/E/G ratio of 3.29 and a beta of 1.01. The stock’s 50 day simple moving average is $465.07 and its 200 day simple moving average is $428.04. 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 Incorporated has a 12-month low of $355.41 and a 12-month high of $492.00.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TDY. Needham & Company LLC raised their target price on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen raised their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies currently has an average rating of “Buy” and a consensus target price of $517.50.

Insider Buying and Selling at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 46,075 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $487.33, for a total value of $22,453,729.75. Following the sale, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. This trade represents a 21.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.88% of the stock is currently owned by insiders.

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.