Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 7.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 326,718 shares of the scientific and technical instruments company’s stock after selling 28,005 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.70% of Teledyne Technologies worth $142,991,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its stake in shares of Teledyne Technologies by 345.9% in the 1st quarter. Cetera Investment Advisers now owns 8,708 shares of the scientific and technical instruments company’s stock valued at $3,739,000 after buying an additional 6,755 shares during the period. Cetera Advisors LLC lifted its position in shares of Teledyne Technologies by 146.3% during the 1st quarter. Cetera Advisors LLC now owns 1,441 shares of the scientific and technical instruments company’s stock worth $619,000 after purchasing an additional 856 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Teledyne Technologies by 2.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 6,680 shares of the scientific and technical instruments company’s stock worth $2,850,000 after purchasing an additional 170 shares in the last quarter. GAMMA Investing LLC increased its holdings in Teledyne Technologies by 51.1% in the second quarter. GAMMA Investing LLC now owns 414 shares of the scientific and technical instruments company’s stock valued at $161,000 after buying an additional 140 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in Teledyne Technologies by 32.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 140 shares of the scientific and technical instruments company’s stock valued at $54,000 after buying an additional 34 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Needham & Company LLC lifted their price target on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen lifted their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $517.50.

Insider Buying and Selling at Teledyne Technologies

In other news, Chairman Robert Mehrabian sold 46,075 shares of the company’s stock in a transaction on 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 represents a 21.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.14% of the stock is owned by corporate insiders.

Teledyne Technologies Stock Down 0.1 %

Shares of NYSE:TDY opened at $485.26 on Monday. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $492.00. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $460.12 and its 200-day simple moving average is $425.05. The company has a market cap of $22.61 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 3.37 and a beta of 1.01.

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

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.