Dynamic Technology Lab Private Ltd Decreases Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Dynamic Technology Lab Private Ltd reduced its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 55.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,033 shares of the scientific and technical instruments company's stock after selling 1,289 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Teledyne Technologies were worth $479,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Resona Asset Management Co. Ltd. acquired a new stake in Teledyne Technologies in the 4th quarter valued at approximately $10,149,000. Wells Fargo & Company MN raised its holdings in shares of Teledyne Technologies by 2.3% in the fourth quarter. Wells Fargo & Company MN now owns 259,096 shares of the scientific and technical instruments company's stock valued at $120,254,000 after purchasing an additional 5,826 shares during the last quarter. BloombergSen Inc. bought a new stake in shares of Teledyne Technologies in the fourth quarter worth $403,000. Bryce Point Capital LLC acquired a new position in Teledyne Technologies during the fourth quarter worth $500,000. Finally, Huntington National Bank grew its position in Teledyne Technologies by 125.0% in the fourth quarter. Huntington National Bank now owns 189 shares of the scientific and technical instruments company's stock valued at $88,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Trading Up 0.9 %

Shares of TDY stock traded up $4.10 during trading hours on Monday, hitting $468.90. 29,691 shares of the company's stock traded hands, compared to its average volume of 257,440. The stock has a market cap of $21.96 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $522.50. The stock's 50 day simple moving average is $490.99 and its 200 day simple moving average is $477.66. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.23 by $0.29. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies'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 earnings per share. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Buying and Selling

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the sale, the insider now owns 51,324 shares of the company's stock, valued at $26,691,559.44. This trade represents a 6.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO George C. Bobb III sold 6,308 shares of the business's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $507.77, for a total value of $3,203,013.16. Following the transaction, the chief operating officer now owns 10,482 shares in the company, valued at approximately $5,322,445.14. This represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,571 shares of company stock worth $17,709,721. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TDY shares. StockNews.com downgraded Teledyne Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Bank of America increased their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Finally, Needham & Company LLC restated a "buy" rating and set a $585.00 price objective on shares of Teledyne Technologies in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $548.00.

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.