MetLife Investment Management LLC Has $5.72 Million Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

MetLife Investment Management LLC boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,332 shares of the scientific and technical instruments company’s stock after buying an additional 175 shares during the period. MetLife Investment Management LLC’s holdings in Teledyne Technologies were worth $5,724,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Teledyne Technologies during the fourth quarter worth $306,042,000. Madison Investment Advisors LLC bought a new position in Teledyne Technologies during the 4th quarter worth about $94,721,000. Raymond James Financial Inc. acquired a new stake in shares of Teledyne Technologies in the 4th quarter valued at about $53,304,000. FIL Ltd lifted its holdings in shares of Teledyne Technologies by 72.8% in the fourth quarter. FIL Ltd now owns 260,187 shares of the scientific and technical instruments company’s stock valued at $120,761,000 after purchasing an additional 109,615 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Teledyne Technologies by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after buying an additional 64,617 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. Bank of America increased their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Buy” and an average price target of $548.00.

Teledyne Technologies Trading Down 2.5 %

Shares of Teledyne Technologies stock opened at $449.63 on Thursday. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $483.69 and its 200-day moving average is $478.30. The stock has a market cap of $21.06 billion, a P/E ratio of 26.10, a P/E/G ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the firm posted $4.55 earnings per share. Equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Activity at Teledyne Technologies

In other news, VP Cynthia Y. Belak sold 5,745 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the sale, the vice president now directly owns 4,962 shares of the company’s stock, valued at $2,522,383.08. This trade represents a 53.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO George C. Bobb III sold 6,308 shares of the business’s 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 transaction, the chief operating officer now directly owns 10,482 shares in the company, valued at $5,322,445.14. The trade was a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,571 shares of company stock worth $17,709,721. Insiders own 1.50% of the company’s stock.

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.