Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Xponance Inc.

Xponance Inc. reduced its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,004 shares of the scientific and technical instruments company’s stock after selling 112 shares during the quarter. Xponance Inc.’s holdings in Teledyne Technologies were worth $2,680,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in Teledyne Technologies by 26.5% during the 3rd quarter. Allworth Financial LP now owns 129 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 27 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in Teledyne Technologies by 5.5% during the 3rd quarter. Great Lakes Advisors LLC now owns 540 shares of the scientific and technical instruments company’s stock valued at $221,000 after purchasing an additional 28 shares in the last quarter. Park Place Capital Corp boosted its stake in Teledyne Technologies by 8.0% during the 3rd quarter. Park Place Capital Corp now owns 420 shares of the scientific and technical instruments company’s stock valued at $172,000 after purchasing an additional 31 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Teledyne Technologies by 0.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 3,669 shares of the scientific and technical instruments company’s stock valued at $1,499,000 after purchasing an additional 32 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in Teledyne Technologies by 3.0% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,089 shares of the scientific and technical instruments company’s stock valued at $445,000 after purchasing an additional 32 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

TDY opened at $404.08 on Tuesday. The firm has a market cap of $19.15 billion, a PE ratio of 21.84, a P/E/G ratio of 2.58 and a beta of 1.02. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $420.22 and a 200-day simple moving average of $415.23. Teledyne Technologies Incorporated has a fifty-two week low of $364.98 and a fifty-two week high of $448.19.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.40. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. The company’s revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $4.94 EPS. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 20.56 EPS for the current fiscal year.

Insider Transactions at Teledyne Technologies

In other news, Director Michael T. Smith sold 511 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total value of $220,241.00. Following the completion of the sale, the director now owns 56,492 shares of the company’s stock, valued at $24,348,052. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Kenneth C. Dahlberg sold 4,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the sale, the director now owns 18,735 shares of the company’s stock, valued at $8,110,568.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael T. Smith sold 511 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total value of $220,241.00. Following the completion of the sale, the director now directly owns 56,492 shares of the company’s stock, valued at approximately $24,348,052. The disclosure for this sale can be found here. Insiders sold a total of 6,711 shares of company stock valued at $2,890,621 over the last quarter. Company insiders own 1.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TDY. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Needham & Company LLC reduced their price objective on Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $515.67.

Teledyne Technologies Company 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.