Stephens Inc. AR Sells 66 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Stephens Inc. AR lessened its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 603 shares of the scientific and technical instruments company’s stock after selling 66 shares during the quarter. Stephens Inc. AR’s holdings in Teledyne Technologies were worth $280,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TDY. Brooklyn Investment Group bought a new stake in Teledyne Technologies during the 3rd quarter worth about $32,000. Wilmington Savings Fund Society FSB bought a new stake in Teledyne Technologies during the third quarter worth about $39,000. Exchange Traded Concepts LLC boosted its position in Teledyne Technologies by 432.0% during 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 purchasing an additional 108 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in Teledyne Technologies by 85.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 230 shares of the scientific and technical instruments company’s stock valued at $107,000 after purchasing an additional 106 shares in the last quarter. Finally, Anchor Investment Management LLC increased its position in shares of Teledyne Technologies by 114.4% during the 3rd quarter. Anchor Investment Management LLC now owns 253 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Transactions at Teledyne Technologies

In related news, Director Michael T. Smith sold 2,025 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 54,935 shares in the company, valued at $26,272,663.75. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Robert Mehrabian sold 5,768 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $518.22, for a total value of $2,989,092.96. Following the transaction, the chairman now owns 144,553 shares in the company, valued at $74,910,255.66. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,190 shares of company stock worth $16,386,864 over the last quarter. Company insiders own 2.14% of the company’s stock.

Analysts Set New Price Targets

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

Teledyne Technologies Trading Down 1.9 %

Shares of Teledyne Technologies stock opened at $489.74 on Monday. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $522.50. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 3.19 and a beta of 1.03. The business has a fifty day simple moving average of $483.00 and a two-hundred day simple moving average of $458.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. The company 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%. Teledyne Technologies’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $5.44 EPS. Research analysts forecast that Teledyne Technologies Incorporated will post 21.59 EPS for the current year.

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.