Generali Asset Management SPA SGR Purchases New Shares in Teledyne Technologies Incorporated (NYSE:TDY)

Generali Asset Management SPA SGR purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 220 shares of the scientific and technical instruments company’s stock, valued at approximately $102,000.

A number of other institutional investors have also made changes to their positions in the business. Empowered Funds LLC increased its position in Teledyne Technologies by 38.1% in the third quarter. Empowered Funds LLC now owns 851 shares of the scientific and technical instruments company’s stock worth $372,000 after purchasing an additional 235 shares during the period. Pathstone Holdings LLC increased its position in Teledyne Technologies by 2.0% in the third quarter. Pathstone Holdings LLC now owns 3,918 shares of the scientific and technical instruments company’s stock worth $1,715,000 after purchasing an additional 77 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Teledyne Technologies in the third quarter worth about $435,000. Intech Investment Management LLC increased its position in Teledyne Technologies by 70.4% in the third quarter. Intech Investment Management LLC now owns 11,019 shares of the scientific and technical instruments company’s stock worth $4,823,000 after purchasing an additional 4,552 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Teledyne Technologies by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 291,279 shares of the scientific and technical instruments company’s stock worth $127,481,000 after purchasing an additional 2,206 shares during the period. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TDY. Needham & Company LLC reiterated a “buy” rating and issued a $585.00 price objective on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Bank of America boosted their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. Finally, UBS Group started coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price for the company. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $548.00.

Teledyne Technologies Price Performance

Shares of TDY opened at $502.73 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The stock has a 50 day simple moving average of $497.26 and a 200 day simple moving average of $471.72. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $522.50. The firm has a market capitalization of $23.55 billion, a PE ratio of 29.18, a P/E/G ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the firm earned $5.44 EPS. Teledyne Technologies’s quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Insider Activity at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 5,768 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $518.22, for a total value of $2,989,092.96. Following the completion of the transaction, the chairman now directly owns 144,553 shares in the company, valued at approximately $74,910,255.66. The trade was a 3.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Cynthia Y. Belak sold 5,745 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the sale, the vice president now owns 4,962 shares in the company, valued at $2,522,383.08. The trade was a 53.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,571 shares of company stock worth $17,709,721. 2.14% of the stock is owned by company insiders.

About Teledyne Technologies

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.