Congress Wealth Management LLC DE Has $14.57 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Congress Wealth Management LLC DE increased its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,655 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,518 shares during the period. Congress Wealth Management LLC DE owned approximately 0.07% of Teledyne Technologies worth $14,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its holdings in shares of Teledyne Technologies by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 3,644 shares of the scientific and technical instruments company’s stock valued at $1,489,000 after purchasing an additional 90 shares during the last quarter. Signaturefd LLC increased its stake in Teledyne Technologies by 37.3% in the 3rd quarter. Signaturefd LLC now owns 754 shares of the scientific and technical instruments company’s stock valued at $308,000 after buying an additional 205 shares during the last quarter. Ieq Capital LLC lifted its position in Teledyne Technologies by 44.5% during the 3rd quarter. Ieq Capital LLC now owns 877 shares of the scientific and technical instruments company’s stock worth $358,000 after buying an additional 270 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Teledyne Technologies by 9.1% during the 3rd quarter. Victory Capital Management Inc. now owns 36,635 shares of the scientific and technical instruments company’s stock worth $14,968,000 after buying an additional 3,058 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Teledyne Technologies by 71.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 113,498 shares of the scientific and technical instruments company’s stock valued at $46,373,000 after acquiring an additional 47,186 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the transaction, the director now directly owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.14% of the company’s stock.

Analyst Upgrades and Downgrades

TDY has been the topic of several analyst reports. Needham & Company LLC dropped their target price on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. TD Cowen dropped their price objective on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. StockNews.com downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Bank of America cut shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $490.00 to $400.00 in a research note on Friday, April 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $470.83.

Teledyne Technologies Stock Performance

Teledyne Technologies stock traded up $1.51 during mid-day trading on Friday, hitting $402.49. 140,014 shares of the company’s stock traded hands, compared to its average volume of 270,302. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $404.23 and a two-hundred day simple moving average of $415.35. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 2.82 and a beta of 1.04.

Teledyne Technologies (NYSE:TDY) last posted 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). Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted $4.53 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, research analysts expect that Teledyne Technologies Incorporated will post 19.36 EPS for the current fiscal year.

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.