11,728 Shares of Teledyne Technologies Incorporated $TDY Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the third quarter, HoldingsChannel.com reports. The firm purchased 11,728 shares of the scientific and technical instruments company’s stock, valued at approximately $7,117,000.

Several other institutional investors have also added to or reduced their stakes in the business. ProShare Advisors LLC grew its stake in shares of Teledyne Technologies by 20.7% during the third quarter. ProShare Advisors LLC now owns 10,346 shares of the scientific and technical instruments company’s stock worth $6,278,000 after acquiring an additional 1,775 shares during the last quarter. Vise Technologies Inc. raised its position in shares of Teledyne Technologies by 48.8% in the 3rd quarter. Vise Technologies Inc. now owns 1,214 shares of the scientific and technical instruments company’s stock valued at $737,000 after purchasing an additional 398 shares during the last quarter. Grandfield & Dodd LLC raised its position in shares of Teledyne Technologies by 1.1% in the 3rd quarter. Grandfield & Dodd LLC now owns 39,794 shares of the scientific and technical instruments company’s stock valued at $24,148,000 after purchasing an additional 434 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Teledyne Technologies by 1,789.9% in the 3rd quarter. International Assets Investment Management LLC now owns 10,300 shares of the scientific and technical instruments company’s stock worth $6,250,000 after purchasing an additional 9,755 shares in the last quarter. Finally, Partners Wealth Management LLC acquired a new stake in Teledyne Technologies in the 3rd quarter worth approximately $212,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity at Teledyne Technologies

In related news, Director Simon Lorne sold 6,449 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the sale, the director directly owned 55,783 shares of the company’s stock, valued at $37,951,406.22. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.36% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on TDY shares. Weiss Ratings raised shares of Teledyne Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 29th. Stifel Nicolaus raised their price target on shares of Teledyne Technologies from $775.00 to $795.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $760.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Morgan Stanley boosted their price objective on shares of Teledyne Technologies from $715.00 to $725.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Barclays upped their target price on Teledyne Technologies from $640.00 to $646.00 and gave the company an “equal weight” rating in a research report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $731.83.

Teledyne Technologies Trading Down 4.8%

NYSE TDY opened at $631.98 on Thursday. The company has a market capitalization of $29.10 billion, a PE ratio of 28.88, a P/E/G ratio of 2.44 and a beta of 0.89. The company has a fifty day moving average of $619.58 and a 200 day moving average of $634.41. Teledyne Technologies Incorporated has a 1 year low of $483.02 and a 1 year high of $697.67. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.31 and a quick ratio of 1.51.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 earnings per share for the quarter, topping the consensus estimate of $6.17 by $0.55. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Teledyne Technologies had a return on equity of 10.89% and a net margin of 15.75%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $5.57 EPS. Research analysts forecast that Teledyne Technologies Incorporated will post 25.58 earnings per share for the current year.

About Teledyne Technologies

Teledyne Technologies Incorporated (NYSE: TDY) is an industrial technology company that develops and manufactures sophisticated electronic, digital imaging, aerospace and defense products. Its offerings are used in commercial, industrial, scientific, government and defense applications where sensing, imaging, measurement and data processing are important.

The company’s businesses include digital imaging sensors and cameras, scientific instruments, environmental and marine monitoring systems, aerospace and defense electronics, communications equipment, data-acquisition systems and engineered components.