One Wealth Capital Management LLC Invests $233,000 in Teledyne Technologies Incorporated (NYSE:TDY)

One Wealth Capital Management LLC bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 502 shares of the scientific and technical instruments company’s stock, valued at approximately $233,000.

A number of other large investors have also recently added to or reduced their stakes in TDY. Kayne Anderson Rudnick Investment Management LLC grew its stake in Teledyne Technologies by 17.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock worth $480,355,000 after purchasing an additional 186,849 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Teledyne Technologies by 44,457.2% during the 3rd quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company’s stock worth $32,372,000 after buying an additional 73,799 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock valued at $503,338,000 after acquiring an additional 64,617 shares during the last quarter. Millennium Management LLC raised its position in shares of Teledyne Technologies by 88.4% during the 2nd quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company’s stock valued at $49,565,000 after acquiring an additional 59,942 shares in the last quarter. Finally, State Street Corp lifted its stake in Teledyne Technologies by 1.9% during the third quarter. State Street Corp now owns 2,040,896 shares of the scientific and technical instruments company’s stock worth $893,219,000 after purchasing an additional 37,884 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Price Performance

Shares of TDY traded up $2.49 during midday trading on Tuesday, reaching $458.00. The stock had a trading volume of 137,952 shares, compared to its average volume of 193,058. The firm’s 50 day moving average price is $472.37 and its 200-day moving average price is $438.76. The company has a market capitalization of $21.34 billion, a P/E ratio of 23.15, a P/E/G ratio of 3.30 and a beta of 1.01. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $492.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35.

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

Analyst Ratings Changes

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

Insider Buying and Selling at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 1,500 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $488.71, for a total transaction of $733,065.00. Following the transaction, the insider now directly owns 2,900 shares of the company’s stock, valued at approximately $1,417,259. The trade was a 34.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael T. Smith sold 2,025 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $478.25, for a total value of $968,456.25. Following the sale, the director now owns 54,935 shares of the company’s stock, valued at $26,272,663.75. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,525 shares of company stock valued at $26,080,464. Corporate insiders own 2.14% of the company’s stock.

Teledyne Technologies 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.