Corient Private Wealth LLC Has $1.88 Million Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Corient Private Wealth LLC lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDYFree Report) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,209 shares of the scientific and technical instruments company’s stock after purchasing an additional 210 shares during the quarter. Corient Private Wealth LLC’s holdings in Teledyne Technologies were worth $1,878,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TDY. Aristotle Capital Management LLC acquired a new stake in shares of Teledyne Technologies during the 3rd quarter worth $698,325,000. Norges Bank bought a new stake in shares of Teledyne Technologies during the 4th quarter worth $243,111,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Teledyne Technologies by 26.3% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 929,995 shares of the scientific and technical instruments company’s stock worth $379,977,000 after buying an additional 193,544 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Teledyne Technologies by 19.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 922,621 shares of the scientific and technical instruments company’s stock worth $376,965,000 after buying an additional 151,659 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Teledyne Technologies by 35.6% during the 3rd quarter. Sei Investments Co. now owns 300,028 shares of the scientific and technical instruments company’s stock worth $122,586,000 after buying an additional 78,699 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Simon M. Lorne sold 2,200 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.14% of the company’s stock.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $397.35 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 company has a market capitalization of $18.83 billion, a PE ratio of 21.49, a P/E/G ratio of 2.77 and a beta of 1.04. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19. The stock has a 50-day moving average price of $401.58 and a two-hundred day moving average price of $415.86.

Teledyne Technologies (NYSE:TDYGet Free Report) last posted 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 the consensus estimate of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. Teledyne Technologies’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.53 earnings per share. Analysts expect that Teledyne Technologies Incorporated will post 19.36 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Cowen dropped their price objective 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 dropped their price objective 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 research report on Thursday, April 25th. Finally, Bank of America downgraded Teledyne Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $470.83.

Check Out Our Latest Analysis on Teledyne Technologies

About Teledyne Technologies

(Free Report)

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.

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

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