Teledyne Technologies Incorporated (NYSE:TDY) Position Reduced by Mackenzie Financial Corp

Mackenzie Financial Corp cut its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 5.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,879 shares of the scientific and technical instruments company’s stock after selling 242 shares during the period. Mackenzie Financial Corp’s holdings in Teledyne Technologies were worth $1,731,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Allworth Financial LP lifted its position in shares of Teledyne Technologies by 26.5% in the third quarter. Allworth Financial LP now owns 129 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 27 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of Teledyne Technologies by 5.5% in the third quarter. Great Lakes Advisors LLC now owns 540 shares of the scientific and technical instruments company’s stock worth $221,000 after purchasing an additional 28 shares in the last quarter. Park Place Capital Corp lifted its position in shares of Teledyne Technologies by 8.0% in the third quarter. Park Place Capital Corp now owns 420 shares of the scientific and technical instruments company’s stock worth $172,000 after purchasing an additional 31 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Teledyne Technologies by 0.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 3,669 shares of the scientific and technical instruments company’s stock worth $1,499,000 after purchasing an additional 32 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Teledyne Technologies by 3.0% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,089 shares of the scientific and technical instruments company’s stock worth $445,000 after purchasing an additional 32 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Up 0.7 %

Shares of NYSE TDY opened at $407.04 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29. Teledyne Technologies Incorporated has a 12-month low of $364.98 and a 12-month high of $448.19. The company has a market cap of $19.29 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 2.60 and a beta of 1.02. The firm’s 50-day simple moving average is $419.96 and its 200 day simple moving average is $415.27.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the transaction, the director now owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Teledyne Technologies 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 transaction 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 approximately $8,110,568.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the sale, the director now directly owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. 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 in the last quarter. 1.88% of the stock is currently owned by insiders.

About Teledyne Technologies

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.