Teledyne Technologies Incorporated (NYSE:TDY) Stock Holdings Trimmed by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,648 shares of the scientific and technical instruments company’s stock after selling 209 shares during the period. Crossmark Global Holdings Inc.’s holdings in Teledyne Technologies were worth $557,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in Teledyne Technologies by 1.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,312,102 shares of the scientific and technical instruments company’s stock valued at $2,367,733,000 after acquiring an additional 90,871 shares in the last quarter. Vanguard Group Inc. raised its stake in Teledyne Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 5,098,739 shares of the scientific and technical instruments company’s stock valued at $2,409,817,000 after acquiring an additional 64,262 shares in the last quarter. FMR LLC raised its stake in Teledyne Technologies by 30.7% during the 2nd quarter. FMR LLC now owns 1,592,405 shares of the scientific and technical instruments company’s stock valued at $597,327,000 after acquiring an additional 374,384 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Teledyne Technologies by 9.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,243,270 shares of the scientific and technical instruments company’s stock valued at $466,363,000 after acquiring an additional 104,624 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Teledyne Technologies by 15.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 634,131 shares of the scientific and technical instruments company’s stock valued at $213,998,000 after acquiring an additional 85,725 shares in the last quarter. Institutional investors own 91.10% of the company’s stock.

Insider Buying and Selling

In related news, VP Cynthia Y. Belak sold 5,046 shares of Teledyne Technologies stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $412.05, for a total value of $2,079,204.30. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Cynthia Y. Belak sold 5,046 shares of Teledyne Technologies stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $412.05, for a total value of $2,079,204.30. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sue Main sold 9,000 shares of Teledyne Technologies stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $420.03, for a total value of $3,780,270.00. Following the completion of the transaction, the chief financial officer now owns 39,349 shares in the company, valued at $16,527,760.47. The disclosure for this sale can be found here. Insiders have sold 19,505 shares of company stock worth $8,156,036 in the last three months. 2.60% of the stock is currently owned by insiders.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $404.23 on Monday. 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 stock has a market capitalization of $18.95 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 2.95 and a beta of 1.08. The stock’s fifty day simple moving average is $408.35 and its 200 day simple moving average is $388.18. Teledyne Technologies Incorporated has a 52-week low of $325.00 and a 52-week high of $493.97.

Teledyne Technologies (NYSE:TDY – Get Rating) last issued its earnings results on Wednesday, October 26th. The scientific and technical instruments company reported $4.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.30 by $0.24. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a return on equity of 10.95% and a net margin of 13.37%. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 17.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TDY has been the topic of a number of research reports. Morgan Stanley raised Teledyne Technologies from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $445.00 to $488.00 in a research note on Monday, December 12th. Credit Suisse Group initiated coverage on Teledyne Technologies in a research note on Monday, December 12th. They issued an “outperform” rating and a $503.00 price objective on the stock. Finally, StockNews.com initiated coverage on Teledyne Technologies in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus target price of $487.67.

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.