Barclays PLC Sells 7,073 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Barclays PLC decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,417 shares of the scientific and technical instruments company's stock after selling 7,073 shares during the period. Barclays PLC owned about 0.20% of Teledyne Technologies worth $44,286,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SkyView Investment Advisors LLC grew its stake in Teledyne Technologies by 2.5% in the third quarter. SkyView Investment Advisors LLC now owns 1,837 shares of the scientific and technical instruments company's stock valued at $804,000 after purchasing an additional 45 shares in the last quarter. Anchor Investment Management LLC grew its stake in shares of Teledyne Technologies by 114.4% in the 3rd quarter. Anchor Investment Management LLC now owns 253 shares of the scientific and technical instruments company's stock valued at $111,000 after buying an additional 135 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Teledyne Technologies in the 3rd quarter valued at approximately $39,000. Tidal Investments LLC raised its position in Teledyne Technologies by 26.7% during the third quarter. Tidal Investments LLC now owns 5,486 shares of the scientific and technical instruments company's stock valued at $2,401,000 after acquiring an additional 1,157 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Teledyne Technologies by 14.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 4,543 shares of the scientific and technical instruments company's stock valued at $1,990,000 after acquiring an additional 563 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Stock Performance

Shares of NYSE TDY traded up $7.92 during trading hours on Tuesday, hitting $461.27. 162,894 shares of the company's stock were exchanged, compared to its average volume of 259,456. The stock has a market capitalization of $21.60 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 3.14 and a beta of 1.03. The company's 50-day moving average price is $485.26 and its 200-day moving average price is $478.63. 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 Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, beating analysts' consensus estimates of $5.23 by $0.29. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.44 EPS. On average, sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Transactions at Teledyne Technologies

In other news, EVP Melanie Susan Cibik sold 706 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the sale, the executive vice president now directly owns 26,529 shares in the company, valued at approximately $13,794,018.84. This represents a 2.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael T. Smith sold 2,100 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $510.50, for a total value of $1,072,050.00. Following the transaction, the director now owns 52,835 shares of the company's stock, valued at $26,972,267.50. This trade represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,571 shares of company stock valued at $17,709,721. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TDY has been the subject of a number of recent research reports. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, April 16th. Bank of America increased their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $585.00 target price on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies presently has a consensus rating of "Buy" and a consensus price target of $548.00.

About Teledyne Technologies

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.