Principal Securities Inc. Has $172,000 Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Principal Securities Inc. cut its position in Teledyne Technologies Incorporated (NYSE:TDY) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 371 shares of the scientific and technical instruments company’s stock after selling 60 shares during the period. Principal Securities Inc.’s holdings in Teledyne Technologies were worth $172,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning increased its holdings in shares of Teledyne Technologies by 13.3% in the third quarter. Creative Planning now owns 4,184 shares of the scientific and technical instruments company’s stock worth $1,831,000 after acquiring an additional 492 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Teledyne Technologies by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 876 shares of the scientific and technical instruments company’s stock worth $383,000 after acquiring an additional 38 shares in the last quarter. International Assets Investment Management LLC boosted its stake in 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. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Teledyne Technologies by 37.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,114 shares of the scientific and technical instruments company’s stock valued at $1,357,000 after purchasing an additional 850 shares in the last quarter. Finally, Forsta AP Fonden boosted its position in shares of Teledyne Technologies by 9.3% during the third quarter. Forsta AP Fonden now owns 8,200 shares of the scientific and technical instruments company’s stock worth $3,589,000 after buying an additional 700 shares during the period. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Stock Up 1.1 %

Shares of TDY stock opened at $496.28 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The firm’s 50-day moving average is $485.63 and its 200-day moving average is $462.22. The stock has a market cap of $23.13 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $522.50.

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. Sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Transactions at Teledyne Technologies

In related news, Director Michael T. Smith sold 2,025 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $478.25, for a total transaction of $968,456.25. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO George C. Bobb III sold 6,308 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the transaction, the chief operating officer now directly owns 10,482 shares in the company, valued at $5,322,445.14. This represents a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,190 shares of company stock worth $16,386,864. Company insiders own 2.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $585.00 price target on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Finally, UBS Group assumed coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price on the stock. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.