Keybank National Association OH acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,732 shares of the scientific and technical instruments company’s stock, valued at approximately $474,000.
Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Teledyne Technologies by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 379,773 shares of the scientific and technical instruments company’s stock valued at $78,639,000 after buying an additional 42,048 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of Teledyne Technologies in the first quarter valued at about $203,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Teledyne Technologies in the first quarter valued at about $1,095,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Teledyne Technologies in the first quarter valued at about $235,000. Finally, Virginia Retirement Systems ET AL increased its stake in shares of Teledyne Technologies by 17.9% in the first quarter. Virginia Retirement Systems ET AL now owns 9,200 shares of the scientific and technical instruments company’s stock valued at $2,180,000 after buying an additional 1,400 shares during the period. 83.73% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:TDY opened at $305.76 on Wednesday. The business’s 50 day simple moving average is $287.02 and its two-hundred day simple moving average is $253.74. The firm has a market cap of $10.94 billion, a P/E ratio of 34.63, a PEG ratio of 4.03 and a beta of 1.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.08 and a current ratio of 1.63. Teledyne Technologies Incorporated has a 52-week low of $189.35 and a 52-week high of $306.46.
Several research analysts have issued reports on the company. Needham & Company LLC increased their price target on Teledyne Technologies from $275.00 to $328.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Cowen increased their price target on Teledyne Technologies from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. ValuEngine lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Berenberg Bank assumed coverage on Teledyne Technologies in a report on Tuesday, June 11th. They issued a “buy” rating and a $290.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $293.75.
In other news, VP Cynthia Y. Belak sold 11,362 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $264.49, for a total value of $3,005,135.38. Following the transaction, the vice president now owns 14,407 shares in the company, valued at $3,810,507.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jason Vanwees sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $254.64, for a total value of $2,291,760.00. Following the completion of the transaction, the executive vice president now owns 41,349 shares in the company, valued at approximately $10,529,109.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,610 shares of company stock worth $7,770,352. Corporate insiders own 3.19% of the company’s stock.
About Teledyne Technologies
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. 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 deployed in mission critical and harsh environments.
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