Barclays PLC lowered its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 46.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,309 shares of the scientific and technical instruments company’s stock after selling 86,109 shares during the quarter. Barclays PLC owned approximately 0.21% of Teledyne Technologies worth $58,785,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. SBI Securities Co. Ltd. raised its holdings in shares of Teledyne Technologies by 75.9% during the second quarter. SBI Securities Co. Ltd. now owns 51 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 22 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Teledyne Technologies in the third quarter worth approximately $26,000. Rexford Capital Inc. acquired a new stake in shares of Teledyne Technologies in the second quarter worth approximately $29,000. First Horizon Advisors Inc. boosted its stake in shares of Teledyne Technologies by 52.9% in the second quarter. First Horizon Advisors Inc. now owns 78 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 27 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Teledyne Technologies by 193.1% during the second quarter. Assetmark Inc. now owns 85 shares of the scientific and technical instruments company’s stock worth $44,000 after purchasing an additional 56 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
Teledyne Technologies Stock Up 1.0%
Shares of NYSE:TDY opened at $654.03 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $616.33 and a two-hundred day moving average of $563.67. The stock has a market cap of $30.29 billion, a P/E ratio of 34.59, a PEG ratio of 3.20 and a beta of 0.99. Teledyne Technologies Incorporated has a 52-week low of $419.00 and a 52-week high of $693.38.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Jefferies Financial Group increased their price objective on Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Barclays increased their target price on shares of Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Needham & Company LLC raised their price target on shares of Teledyne Technologies from $615.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Morgan Stanley boosted their price target on shares of Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $650.33.
Read Our Latest Analysis on Teledyne Technologies
Insider Transactions at Teledyne Technologies
In other Teledyne Technologies news, Director Michael T. Smith sold 2,469 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $621.00, for a total value of $1,533,249.00. Following the transaction, the director directly owned 47,328 shares in the company, valued at $29,390,688. The trade was a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Jason Vanwees sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $630.92, for a total transaction of $3,154,600.00. Following the completion of the sale, the insider directly owned 51,025 shares of the company’s stock, valued at approximately $32,192,693. This trade represents a 8.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,500 shares of company stock worth $7,214,750 over the last ninety days. 1.50% of the stock is owned by insiders.
Teledyne Technologies Profile
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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