Pictet Asset Management SA Sells 3,317 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Pictet Asset Management SA lowered its holdings in Teledyne Technologies Incorporated (NYSE:TDYGet Rating) by 14.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,699 shares of the scientific and technical instruments company’s stock after selling 3,317 shares during the period. Pictet Asset Management SA’s holdings in Teledyne Technologies were worth $7,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Castle Wealth Management LLC bought a new position in Teledyne Technologies in the second quarter valued at $26,000. WD Rutherford LLC bought a new position in shares of Teledyne Technologies in the 2nd quarter valued at about $30,000. Clear Street Markets LLC grew its position in shares of Teledyne Technologies by 415.8% in the 2nd quarter. Clear Street Markets LLC now owns 98 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 79 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of Teledyne Technologies in the 2nd quarter valued at about $68,000. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of Teledyne Technologies during the 1st quarter worth about $72,000. Institutional investors own 89.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Teledyne Technologies in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley cut their target price on shares of Teledyne Technologies from $470.00 to $445.00 and set an “underweight” rating for the company in a research note on Tuesday, August 16th. Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $520.00 to $472.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Finally, TheStreet upgraded shares of Teledyne Technologies from a “c+” rating to a “b-” rating in a research note on Friday, August 5th.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $407.09 on Friday. Teledyne Technologies Incorporated has a twelve month low of $325.00 and a twelve month high of $493.97. The company has a quick ratio of 1.19, a current ratio of 1.78 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $370.72 and a two-hundred day simple moving average of $381.83. The stock has a market capitalization of $19.08 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 3.17 and a beta of 1.10.

Insiders Place Their Bets

In other news, Director Michael T. Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $419.49, for a total value of $1,677,960.00. Following the completion of the transaction, the director now directly owns 56,073 shares in the company, valued at approximately $23,522,062.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Cynthia Y. Belak sold 5,046 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $412.05, for a total value of $2,079,204.30. Following the completion of the transaction, the vice president now directly owns 4,457 shares in the company, valued at approximately $1,836,506.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael T. Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $419.49, for a total transaction of $1,677,960.00. Following the completion of the transaction, the director now owns 56,073 shares of the company’s stock, valued at $23,522,062.77. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

About Teledyne Technologies

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Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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