Mitchell & Pahl Private Wealth LLC Buys 89 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Mitchell & Pahl Private Wealth LLC lifted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,767 shares of the scientific and technical instruments company’s stock after purchasing an additional 89 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Teledyne Technologies were worth $820,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TDY. Wolff Wiese Magana LLC purchased a new stake in shares of Teledyne Technologies in the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new stake in Teledyne Technologies in the third quarter worth about $32,000. Wilmington Savings Fund Society FSB bought a new position in Teledyne Technologies during the 3rd quarter worth about $39,000. Quarry LP increased its position in Teledyne Technologies by 706.3% during the 2nd quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 113 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Teledyne Technologies by 432.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock valued at $58,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TDY. TD Cowen increased their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Needham & Company LLC lifted their price target on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a report on Monday, November 11th. UBS Group began coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target for the company. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $450.00 to $550.00 in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Buy” and a consensus price target of $531.00.

Insiders Place Their Bets

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 1,500 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $488.71, for a total transaction of $733,065.00. Following the sale, the insider now owns 2,900 shares in the company, valued at approximately $1,417,259. The trade was a 34.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert Mehrabian sold 46,075 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,525 shares of company stock valued at $26,080,464. Insiders own 1.88% of the company’s stock.

Teledyne Technologies Stock Up 0.3 %

Teledyne Technologies stock opened at $473.41 on Tuesday. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $492.00. The business has a fifty day moving average price of $471.72 and a 200-day moving average price of $444.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The stock has a market capitalization of $22.06 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.96 and a beta of 1.01.

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

Teledyne Technologies Company 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.