B. Metzler seel. Sohn & Co. Holding AG Purchases New Stake in Teledyne Technologies Incorporated (NYSE:TDY)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 3rd quarter, HoldingsChannel reports. The fund acquired 995 shares of the scientific and technical instruments company’s stock, valued at approximately $435,000.

Other large investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its position in Teledyne Technologies by 21.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 767 shares of the scientific and technical instruments company’s stock valued at $329,000 after purchasing an additional 133 shares during the period. Silvercrest Asset Management Group LLC lifted its position in Teledyne Technologies by 14.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 5,951 shares of the scientific and technical instruments company’s stock worth $2,555,000 after acquiring an additional 744 shares in the last quarter. Dynasty Wealth Management LLC purchased a new position in Teledyne Technologies in the 1st quarter worth approximately $466,000. California State Teachers Retirement System grew its position in Teledyne Technologies by 1.2% in the first quarter. California State Teachers Retirement System now owns 75,567 shares of the scientific and technical instruments company’s stock valued at $32,442,000 after acquiring an additional 919 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Teledyne Technologies by 131.5% during the first quarter. Tidal Investments LLC now owns 3,737 shares of the scientific and technical instruments company’s stock valued at $1,604,000 after purchasing an additional 2,123 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

TDY opened at $483.69 on Monday. The company has a market capitalization of $22.54 billion, a P/E ratio of 24.45, a PEG ratio of 3.33 and a beta of 1.01. The company has a 50-day moving average of $454.91 and a 200-day moving average of $421.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $492.00.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. Teledyne Technologies’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.05 earnings per share. Equities analysts expect that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the sale, the chairman now directly owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. This represents a 21.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TDY has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen raised their target price 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 Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $517.50.

About Teledyne Technologies

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.