Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Steph & Co.

Steph & Co. decreased its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 778 shares of the scientific and technical instruments company’s stock after selling 53 shares during the quarter. Steph & Co.’s holdings in Teledyne Technologies were worth $361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Heritage Family Offices LLP increased its holdings in shares of Teledyne Technologies by 14.5% in the fourth quarter. Heritage Family Offices LLP now owns 828 shares of the scientific and technical instruments company’s stock valued at $384,000 after purchasing an additional 105 shares during the period. Covea Finance boosted its position in Teledyne Technologies by 25.1% in the fourth quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company’s stock valued at $9,932,000 after buying an additional 4,300 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Teledyne Technologies by 26,300.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 264 shares of the scientific and technical instruments company’s stock valued at $123,000 after buying an additional 263 shares during the last quarter. Park Avenue Securities LLC raised its position in Teledyne Technologies by 22.1% during the 4th quarter. Park Avenue Securities LLC now owns 2,037 shares of the scientific and technical instruments company’s stock worth $945,000 after buying an additional 369 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in Teledyne Technologies by 15.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 948 shares of the scientific and technical instruments company’s stock worth $440,000 after buying an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Transactions at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $488.71, for a total value of $733,065.00. Following the transaction, the insider now directly owns 2,900 shares of the company’s stock, valued at approximately $1,417,259. This trade represents a 34.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael T. Smith sold 2,025 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total value of $968,456.25. Following the sale, the director now owns 54,935 shares of the company’s stock, valued at approximately $26,272,663.75. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,525 shares of company stock valued at $26,080,464 in the last three months. 1.88% of the stock is currently owned by company insiders.

Teledyne Technologies Stock Up 0.7 %

TDY opened at $469.31 on Thursday. The company has a fifty day moving average of $472.42 and a two-hundred day moving average of $442.08. The stock has a market capitalization of $21.87 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.85 and a beta of 1.01. 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 debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.13. The firm had revenue of $1.44 billion during 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%. Teledyne Technologies’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.05 EPS. On average, research analysts expect that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. TD Cowen lifted their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group initiated coverage on Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective for the company. Finally, Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $531.00.

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.