GHP Investment Advisors Inc. lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 1.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,225 shares of the scientific and technical instruments company’s stock after purchasing an additional 270 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Teledyne Technologies were worth $2,577,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at $101,000. Advisor Group Inc. boosted its position in shares of Teledyne Technologies by 41.6% in the 4th quarter. Advisor Group Inc. now owns 1,075 shares of the scientific and technical instruments company’s stock valued at $195,000 after purchasing an additional 316 shares during the period. Kovack Advisors Inc. acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at $213,000. CIBC Asset Management Inc acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at $220,000. Finally, Zions Bancorporation acquired a new position in shares of Teledyne Technologies in the 3rd quarter valued at $220,000. Institutional investors and hedge funds own 85.03% of the company’s stock.
A number of research firms recently weighed in on TDY. ValuEngine lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a research report on Tuesday, February 6th. Finally, Needham & Company LLC increased their price target on Teledyne Technologies to $205.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $196.00.
Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.21. The firm had revenue of $704.40 million during the quarter, compared to the consensus estimate of $669.25 million. Teledyne Technologies had a return on equity of 14.07% and a net margin of 8.73%. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 EPS. analysts predict that Teledyne Technologies Incorporated will post 7.55 earnings per share for the current year.
In related news, SVP Jason Vanwees sold 3,500 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $195.42, for a total value of $683,970.00. Following the completion of the sale, the senior vice president now directly owns 34,085 shares of the company’s stock, valued at approximately $6,660,890.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Simon M. Lorne sold 4,958 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $181.64, for a total value of $900,571.12. Following the completion of the sale, the director now directly owns 30,297 shares of the company’s stock, valued at $5,503,147.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,452 shares of company stock valued at $10,162,286. Company insiders own 3.73% of the company’s stock.
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Teledyne Technologies Company Profile
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.
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