Ifrah Financial Services Inc. Has $339,000 Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Ifrah Financial Services Inc. cut its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 730 shares of the scientific and technical instruments company’s stock after selling 25 shares during the period. Ifrah Financial Services Inc.’s holdings in Teledyne Technologies were worth $339,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Teledyne Technologies during the third quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new position in Teledyne Technologies during the third quarter valued at approximately $39,000. Newbridge Financial Services Group Inc. acquired a new position in Teledyne Technologies during the fourth quarter valued at approximately $46,000. Exchange Traded Concepts LLC lifted its position in shares of Teledyne Technologies by 432.0% in the third quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock valued at $58,000 after buying an additional 108 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Teledyne Technologies by 15.1% in the fourth quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock valued at $105,000 after buying an additional 27 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $489.74 on Monday. The stock’s fifty day moving average price is $483.00 and its two-hundred day moving average price is $458.50. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The firm has a market cap of $22.82 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 3.19 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company earned $5.44 EPS. The company’s revenue was up 5.4% on a year-over-year basis. As a group, research analysts expect that Teledyne Technologies Incorporated will post 21.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies stock in a transaction on Friday, January 24th. The stock was sold at an average price of $508.34, for a total value of $2,920,413.30. Following the transaction, the vice president now owns 4,962 shares in the company, valued at approximately $2,522,383.08. This trade represents a 53.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Robert Mehrabian sold 5,768 shares of Teledyne Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $518.22, for a total value of $2,989,092.96. Following the completion of the transaction, the chairman now owns 144,553 shares in the company, valued at approximately $74,910,255.66. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,190 shares of company stock worth $16,386,864 in the last 90 days. Company insiders own 2.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TDY. TD Cowen raised their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $450.00 to $550.00 in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $585.00 price objective on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Finally, UBS Group assumed coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price on the stock. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies has a consensus rating of “Buy” and an average target price of $538.00.

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.