Kestra Advisory Services LLC Decreases Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Kestra Advisory Services LLC lessened its holdings in Teledyne Technologies Incorporated (NYSE:TDYGet Rating) by 31.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,233 shares of the scientific and technical instruments company’s stock after selling 1,983 shares during the period. Kestra Advisory Services LLC’s holdings in Teledyne Technologies were worth $1,428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Castle Wealth Management LLC purchased a new stake in shares of Teledyne Technologies in the second quarter valued at about $26,000. WD Rutherford LLC purchased a new stake in shares of Teledyne Technologies in the second quarter valued at about $30,000. Clear Street Markets LLC lifted its holdings in shares of Teledyne Technologies by 415.8% in the second quarter. Clear Street Markets LLC now owns 98 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 79 shares in the last quarter. NuWave Investment Management LLC purchased a new stake in shares of Teledyne Technologies in the third quarter valued at about $54,000. Finally, Wipfli Financial Advisors LLC purchased a new stake in shares of Teledyne Technologies in the third quarter valued at about $58,000. Hedge funds and other institutional investors own 91.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $407.78 on Tuesday. Teledyne Technologies Incorporated has a one year low of $325.00 and a one year high of $493.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.19 and a current ratio of 1.78. The company has a 50 day moving average price of $408.37 and a 200 day moving average price of $388.35. The firm has a market capitalization of $19.11 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08.

Teledyne Technologies (NYSE:TDYGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The scientific and technical instruments company reported $4.54 EPS for the quarter, topping the consensus estimate of $4.30 by $0.24. Teledyne Technologies had a net margin of 13.37% and a return on equity of 10.95%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 17.77 EPS for the current year.

Insider Transactions at Teledyne Technologies

In other news, CFO Sue Main sold 9,000 shares of the stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $420.03, for a total value of $3,780,270.00. Following the completion of the sale, the chief financial officer now owns 39,349 shares of the company’s stock, valued at $16,527,760.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Sue Main sold 9,000 shares of the stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $420.03, for a total value of $3,780,270.00. Following the completion of the sale, the chief financial officer now owns 39,349 shares of the company’s stock, valued at $16,527,760.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Cynthia Y. Belak sold 5,046 shares of the stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $412.05, for a total transaction of $2,079,204.30. Following the completion of the sale, the vice president now directly owns 4,457 shares of the company’s stock, valued at approximately $1,836,506.85. The disclosure for this sale can be found here. Insiders sold 19,505 shares of company stock valued at $8,156,036 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Teledyne Technologies Company Profile

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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.

See Also

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

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