Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lowered its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 16.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 28,956 shares of the scientific and technical instruments company's stock after selling 5,866 shares during the period. Congress Wealth Management LLC DE owned approximately 0.06% of Teledyne Technologies worth $13,440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TDY. Brooklyn Investment Group bought a new position in Teledyne Technologies during the third quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Teledyne Technologies during the 3rd quarter valued at $39,000. Millstone Evans Group LLC bought a new position in shares of Teledyne Technologies during the 4th quarter valued at $42,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Teledyne Technologies in the 4th quarter worth $46,000. Finally, Tortoise Investment Management LLC grew its holdings in shares of Teledyne Technologies by 63.2% in the fourth quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company's stock worth $58,000 after acquiring an additional 48 shares during the period. Institutional investors own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

TDY has been the topic of several research reports. UBS Group started 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. 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. Finally, Bank of America lifted their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $548.00.

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Teledyne Technologies Trading Down 2.4 %

Shares of Teledyne Technologies stock traded down $12.13 on Friday, hitting $494.78. 200,471 shares of the company traded hands, compared to its average volume of 254,068. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The stock's 50 day moving average price is $501.03 and its 200-day moving average price is $474.53. The company has a market cap of $23.17 billion, a PE ratio of 28.72, 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business posted $5.44 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Buying and Selling

In other news, COO George C. Bobb III sold 6,308 shares of the firm's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the sale, the chief operating officer now owns 10,482 shares of the company's stock, valued at $5,322,445.14. This trade represents a 37.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the completion of the sale, the executive vice president now directly owns 26,529 shares of the company's stock, valued at approximately $13,794,018.84. This represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,571 shares of company stock worth $17,709,721 in the last three months. 1.50% of the stock is owned by insiders.

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.