Cwm LLC Sells 45 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Cwm LLC trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 505 shares of the scientific and technical instruments company’s stock after selling 45 shares during the period. Cwm LLC’s holdings in Teledyne Technologies were worth $225,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Allworth Financial LP lifted its stake in shares of Teledyne Technologies by 26.5% in the 3rd quarter. Allworth Financial LP now owns 129 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 27 shares during the last quarter. Great Lakes Advisors LLC raised its position 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 worth $221,000 after purchasing an additional 28 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position 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 worth $1,499,000 after purchasing an additional 32 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position 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 worth $445,000 after purchasing an additional 32 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its position in Teledyne Technologies by 2.4% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,565 shares of the scientific and technical instruments company’s stock worth $639,000 after purchasing an additional 36 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the sale, the director now directly owns 67,288 shares in the company, valued at approximately $28,711,789.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.14% of the stock is currently owned by company insiders.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $385.34 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $411.71 and a two-hundred day moving average price of $413.52. The company has a market cap of $18.26 billion, a P/E ratio of 20.84, a PEG ratio of 2.64 and a beta of 1.04. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $448.19.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing the consensus estimate of $4.63 by ($0.08). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.53 earnings per share. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 19.34 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TDY shares. TD Cowen lowered their target price on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Needham & Company LLC lowered their target price on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Bank of America downgraded Teledyne Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $490.00 to $400.00 in a report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $470.83.

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.