Thrivent Financial for Lutherans Acquires 7,049 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Thrivent Financial for Lutherans boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 122.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,805 shares of the scientific and technical instruments company’s stock after buying an additional 7,049 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Teledyne Technologies were worth $5,943,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TDY. Signaturefd LLC grew its position in shares of Teledyne Technologies by 15.4% during the 4th quarter. Signaturefd LLC now owns 721 shares of the scientific and technical instruments company’s stock valued at $335,000 after acquiring an additional 96 shares during the period. Cibc World Markets Corp grew its holdings in Teledyne Technologies by 14.1% during the fourth quarter. Cibc World Markets Corp now owns 7,335 shares of the scientific and technical instruments company’s stock valued at $3,404,000 after purchasing an additional 909 shares during the period. Nicholas Company Inc. increased its position in Teledyne Technologies by 5.0% in the fourth quarter. Nicholas Company Inc. now owns 45,659 shares of the scientific and technical instruments company’s stock worth $21,192,000 after buying an additional 2,171 shares during the last quarter. Royce & Associates LP raised its stake in shares of Teledyne Technologies by 7.5% in the fourth quarter. Royce & Associates LP now owns 19,140 shares of the scientific and technical instruments company’s stock valued at $8,883,000 after buying an additional 1,340 shares during the period. Finally, Natixis Advisors LLC grew its stake in shares of Teledyne Technologies by 10.5% during the 4th quarter. Natixis Advisors LLC now owns 139,085 shares of the scientific and technical instruments company’s stock worth $64,554,000 after acquiring an additional 13,231 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Robert Mehrabian sold 5,768 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $518.22, for a total value of $2,989,092.96. Following the transaction, the chairman now directly owns 144,553 shares in the company, valued at approximately $74,910,255.66. This represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Melanie Susan Cibik sold 706 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the transaction, the executive vice president now directly owns 26,529 shares of the company’s stock, valued at approximately $13,794,018.84. This represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,571 shares of company stock worth $17,709,721. Corporate insiders own 2.14% of the company’s stock.

Wall Street Analyst Weigh In

TDY has been the topic of a number of research reports. UBS Group started coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Finally, Bank of America raised their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $548.00.

Teledyne Technologies Stock Up 0.7 %

TDY stock opened at $502.73 on Monday. The stock has a 50-day simple moving average of $497.26 and a two-hundred day simple moving average of $472.38. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50. The firm has a market capitalization of $23.55 billion, a PE ratio of 29.18, a PEG ratio of 3.14 and a beta of 1.03. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

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

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.