Diversify Advisory Services LLC Has $235,000 Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Diversify Advisory Services LLC decreased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 48.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 514 shares of the scientific and technical instruments company's stock after selling 488 shares during the quarter. Diversify Advisory Services LLC's holdings in Teledyne Technologies were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TDY. Wolff Wiese Magana LLC acquired a new stake in Teledyne Technologies during the 3rd quarter worth $27,000. Brooklyn Investment Group bought a new position in shares of Teledyne Technologies in the 3rd quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Teledyne Technologies during the third quarter worth $39,000. Quarry LP lifted its stake in Teledyne Technologies by 706.3% in the second quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company's stock valued at $50,000 after buying an additional 113 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in Teledyne Technologies by 432.0% in 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 buying an additional 108 shares during the period. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Needham & Company LLC increased their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, November 11th. StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Bank of America upgraded Teledyne Technologies from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $450.00 to $550.00 in a research report on Friday, November 8th. TD Cowen raised their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, UBS Group initiated coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They issued a "buy" rating and a $585.00 price target for the company. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $531.00.

Teledyne Technologies Stock Down 0.0 %

NYSE:TDY traded down $0.08 during trading hours on Friday, reaching $515.00. 326,392 shares of the stock were exchanged, compared to its average volume of 258,594. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.35. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $518.85. The stock has a market cap of $24.00 billion, a PE ratio of 29.89, a PEG ratio of 3.24 and a beta of 1.01. The firm has a 50 day moving average of $472.07 and a 200 day moving average of $445.49.

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 (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 firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1,451,400 billion. During the same period in the previous year, the business earned $5.44 EPS. The company's revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Teledyne Technologies Incorporated will post 21.3 earnings per share for the current year.

Insider Activity at Teledyne Technologies

In other news, Chairman Robert Mehrabian sold 3,925 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $490.50, for a total value of $1,925,212.50. Following the completion of the sale, the chairman now owns 171,802 shares of the company's stock, valued at approximately $84,268,881. This represents a 2.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael T. Smith sold 2,025 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the sale, the director now directly owns 54,935 shares in the company, valued at $26,272,663.75. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,525 shares of company stock valued at $26,080,464. Insiders own 2.14% of the company's stock.

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.