Hilton Capital Management LLC Sells 285 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Hilton Capital Management LLC trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,130 shares of the scientific and technical instruments company’s stock after selling 285 shares during the quarter. Hilton Capital Management LLC’s holdings in Teledyne Technologies were worth $2,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDY. Wolff Wiese Magana LLC bought a new stake in shares of Teledyne Technologies during the third quarter worth approximately $27,000. American National Bank acquired a new stake in Teledyne Technologies during the 2nd quarter worth $28,000. Innealta Capital LLC bought a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $28,000. Tortoise Investment Management LLC lifted its stake in shares of Teledyne Technologies by 48.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 24 shares during the period. Finally, Crewe Advisors LLC lifted its stake in shares of Teledyne Technologies by 319.0% in the 2nd quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 67 shares during the period. 91.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Robert Mehrabian sold 46,075 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the transaction, the chairman now directly owns 171,802 shares of the company’s stock, valued at $83,724,268.66. This trade represents a 21.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.88% of the stock is owned by company insiders.

Teledyne Technologies Trading Down 0.2 %

Shares of TDY opened at $464.84 on Wednesday. The business’s fifty day moving average is $451.10 and its 200-day moving average is $419.59. The firm has a market cap of $21.66 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 3.26 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $492.00.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.05 EPS. Equities analysts anticipate that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Vertical Research initiated coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective for the company. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $450.00 to $550.00 in a research report on Friday, November 8th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, TD Cowen increased their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $517.50.

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.