Machina Capital S.A.S. Purchases Shares of 685 Teledyne Technologies Incorporated (NYSE:TDY)

Machina Capital S.A.S. acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 685 shares of the scientific and technical instruments company’s stock, valued at approximately $306,000.

Several other large investors also recently modified their holdings of TDY. Bruce G. Allen Investments LLC bought a new stake in shares of Teledyne Technologies during the 4th quarter worth about $28,000. CVA Family Office LLC acquired a new stake in Teledyne Technologies during the fourth quarter worth approximately $31,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Teledyne Technologies during the third quarter worth approximately $44,000. Anchor Investment Management LLC acquired a new position in shares of Teledyne Technologies in the fourth quarter valued at approximately $45,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its stake in shares of Teledyne Technologies by 63.2% during 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 purchasing an additional 43 shares during the period. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock traded up $2.59 during trading on Tuesday, reaching $393.03. 184,506 shares of the company’s stock were exchanged, compared to its average volume of 241,427. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $448.19. The company has a market cap of $18.62 billion, a P/E ratio of 21.12, a PEG ratio of 2.66 and a beta of 1.04. The firm’s 50-day moving average price is $410.99 and its 200 day moving average price is $413.62.

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

Insider Buying and Selling

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 67,288 shares in the company, valued at $28,711,789.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.88% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.