By otakuyassine3@gmail.com 
Corient Private Wealth LLC decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 3.4% in the fourth quarter, Holdings Channel reports. The fund owned 4,862 shares of the scientific and technical instruments company’s stock after selling 169 shares during the period. Corient Private Wealth LLC’s holdings in Teledyne Technologies were worth $2,257,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of TDY. Madison Investment Advisors LLC acquired a new stake in shares of Teledyne Technologies in the fourth quarter valued at approximately $94,721,000. Raymond James Financial Inc. purchased a new stake in Teledyne Technologies in the 4th quarter valued at $53,304,000. JPMorgan Chase & Co. increased its stake in shares of Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after acquiring an additional 64,617 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in shares of Teledyne Technologies during the 4th quarter worth $29,348,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Teledyne Technologies during the 4th quarter valued at about $29,081,000. 91.58% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, COO George C. Bobb III sold 6,308 shares of Teledyne Technologies stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the transaction, the chief operating officer now owns 10,482 shares in the company, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the sale, the executive vice president now owns 26,529 shares in the company, valued at approximately $13,794,018.84. This trade represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,571 shares of company stock valued at $17,709,721. 2.14% of the stock is currently owned by corporate insiders.
Teledyne Technologies Trading Up 0.7 %
Shares of TDY stock opened at $502.73 on Monday. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50. The firm has a market cap of $23.55 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The company has a 50-day moving average of $497.26 and a two-hundred day moving average of $472.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.
Teledyne Technologies (NYSE:TDY – Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $5.44 EPS. On average, analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Bank of America raised their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. Needham & Company LLC restated a “buy” rating and set a $585.00 price target on shares of Teledyne Technologies in a report on Wednesday, February 5th. Finally, UBS Group assumed coverage on Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $548.00.
Get Our Latest Stock Analysis on Teledyne Technologies
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.
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