Kingfisher Capital LLC Sells 695 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Kingfisher Capital LLC reduced its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,198 shares of the scientific and technical instruments company’s stock after selling 695 shares during the quarter. Kingfisher Capital LLC’s holdings in Teledyne Technologies were worth $2,713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Teledyne Technologies by 17.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after acquiring an additional 186,849 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Teledyne Technologies by 235.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock valued at $48,593,000 after purchasing an additional 87,925 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Teledyne Technologies by 44,457.2% in the 3rd quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company’s stock worth $32,372,000 after purchasing an additional 73,799 shares during the period. Millennium Management LLC boosted its stake in shares of Teledyne Technologies by 88.4% during the second quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company’s stock valued at $49,565,000 after purchasing an additional 59,942 shares in the last quarter. Finally, Distillate Capital Partners LLC bought a new position in Teledyne Technologies in the second quarter worth approximately $14,529,000. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Price Performance

Shares of TDY stock opened at $485.68 on Friday. 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. The firm has a market capitalization of $22.63 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 3.37 and a beta of 1.01. The stock’s 50-day simple moving average is $459.04 and its 200-day simple moving average is $424.04.

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 for the quarter, topping the consensus estimate of $4.97 by $0.13. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. Teledyne Technologies’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.05 EPS. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current fiscal year.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 3,925 shares of Teledyne Technologies stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the completion of the sale, the chairman now directly owns 171,802 shares in the company, valued at approximately $84,268,881. The trade was a 2.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Teledyne Technologies 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.