Envestnet Asset Management Inc. Reduces Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Envestnet Asset Management Inc. trimmed its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,605 shares of the scientific and technical instruments company's stock after selling 698 shares during the period. Envestnet Asset Management Inc. owned about 0.40% of Teledyne Technologies worth $86,145,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Quantinno Capital Management LP raised its holdings in shares of Teledyne Technologies by 73.5% in the third quarter. Quantinno Capital Management LP now owns 2,078 shares of the scientific and technical instruments company's stock worth $910,000 after acquiring an additional 880 shares during the last quarter. Wellington Management Group LLP raised its stake in Teledyne Technologies by 8.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,301 shares of the scientific and technical instruments company's stock valued at $3,195,000 after purchasing an additional 576 shares during the last quarter. Jane Street Group LLC lifted its holdings in Teledyne Technologies by 31.7% in the 3rd quarter. Jane Street Group LLC now owns 16,400 shares of the scientific and technical instruments company's stock valued at $7,178,000 after purchasing an additional 3,944 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Teledyne Technologies during the 3rd quarter worth about $241,000. Finally, National Bank of Canada FI grew its holdings in shares of Teledyne Technologies by 217.5% during the third quarter. National Bank of Canada FI now owns 53,819 shares of the scientific and technical instruments company's stock worth $23,554,000 after buying an additional 36,867 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Teledyne Technologies Trading Up 0.5 %

Shares of TDY stock traded up $2.50 on Monday, reaching $467.30. 79,672 shares of the stock were exchanged, compared to its average volume of 273,451. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The stock has a market cap of $21.89 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The firm has a 50 day moving average of $490.99 and a two-hundred day moving average of $477.66. 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 announced its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the firm posted $5.44 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of the firm's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $508.34, for a total value of $2,920,413.30. Following the transaction, the vice president now directly owns 4,962 shares of the company's stock, valued at $2,522,383.08. This trade represents a 53.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO George C. Bobb III sold 6,308 shares of the business's stock in a transaction dated 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 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. Insiders have sold a total of 34,571 shares of company stock valued at $17,709,721 over the last ninety days. Corporate insiders own 1.50% of the company's stock.

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.