475 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Bought by Blue Barn Wealth LLC

Blue Barn Wealth LLC purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 475 shares of the scientific and technical instruments company’s stock, valued at approximately $212,000.

Several other hedge funds have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new position in Teledyne Technologies during the 4th quarter valued at about $28,000. CVA Family Office LLC acquired a new position in shares of Teledyne Technologies during the 4th quarter valued at $31,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Teledyne Technologies in the third quarter valued at $44,000. Anchor Investment Management LLC bought a new position in Teledyne Technologies during the fourth quarter valued at about $45,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its position in Teledyne Technologies by 63.2% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock worth $49,000 after acquiring an additional 43 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TDY shares. TD Cowen decreased their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Needham & Company LLC reduced their price target on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a report on Thursday, April 25th. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Bank of America lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $490.00 to $400.00 in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $470.83.

Teledyne Technologies Stock Performance

TDY traded up $2.59 during midday trading on Tuesday, reaching $393.03. The company’s stock had a trading volume of 183,414 shares, compared to its average volume of 241,440. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $448.19. The stock has a market cap of $18.62 billion, a P/E ratio of 21.26, a PEG ratio of 2.66 and a beta of 1.04. The company has a fifty day simple moving average of $410.36 and a 200 day simple moving average of $413.66. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company earned $4.53 earnings per share. Teledyne Technologies’s revenue for the quarter was down 2.4% on a year-over-year basis. Research analysts expect that Teledyne Technologies Incorporated will post 19.34 earnings per share for the current year.

Insider Activity

In other news, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the transaction, the director now owns 67,288 shares in the company, valued at approximately $28,711,789.60. The sale was disclosed in a filing with the SEC, which is available at this link. 1.88% of the stock is currently owned by company insiders.

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.