Swiss National Bank Sells 4,100 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Swiss National Bank cut its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,218 shares of the scientific and technical instruments company’s stock after selling 4,100 shares during the period. Swiss National Bank’s holdings in Teledyne Technologies were worth $65,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Exchange Traded Concepts LLC bought a new position in Teledyne Technologies in the third quarter valued at approximately $52,000. Commonwealth Equity Services LLC boosted its position in shares of Teledyne Technologies by 0.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 14,349 shares of the scientific and technical instruments company’s stock worth $5,863,000 after purchasing an additional 119 shares during the last quarter. Raymond James & Associates grew its stake in shares of Teledyne Technologies by 21.2% during the third quarter. Raymond James & Associates now owns 87,634 shares of the scientific and technical instruments company’s stock worth $35,806,000 after purchasing an additional 15,342 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Teledyne Technologies by 24.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock valued at $1,070,000 after purchasing an additional 507 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in Teledyne Technologies in the third quarter valued at about $330,000. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at Teledyne Technologies

In other news, Director Simon M. Lorne sold 2,200 shares of the company’s stock in a transaction dated 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 directly owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.88% of the company’s stock.

Teledyne Technologies Price Performance

NYSE TDY opened at $385.34 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The business has a 50 day simple moving average of $411.71 and a 200 day simple moving average of $413.65. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.66 and a beta of 1.04.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TDY. Bank of America cut Teledyne Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $490.00 to $400.00 in a research note on Friday, April 26th. Needham & Company LLC lowered their target price on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, TD Cowen decreased their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.