Janney Montgomery Scott LLC Trims Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Janney Montgomery Scott LLC lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,817 shares of the scientific and technical instruments company's stock after selling 554 shares during the period. Janney Montgomery Scott LLC's holdings in Teledyne Technologies were worth $8,270,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Metis Global Partners LLC grew its holdings in shares of Teledyne Technologies by 1.6% during the 3rd quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company's stock worth $663,000 after purchasing an additional 24 shares during the period. Crumly & Associates Inc. raised its stake in shares of Teledyne Technologies by 3.8% in the 3rd quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company's stock valued at $296,000 after acquiring an additional 25 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Teledyne Technologies by 4.8% in the 3rd quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company's stock worth $241,000 after acquiring an additional 25 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Teledyne Technologies by 4.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company's stock worth $298,000 after purchasing an additional 26 shares during the period. Finally, Frank Rimerman Advisors LLC increased its holdings in Teledyne Technologies by 4.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 781 shares of the scientific and technical instruments company's stock valued at $342,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Insider Activity

In other Teledyne Technologies news, Director Michael T. Smith sold 2,025 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 54,935 shares of the company's stock, valued at approximately $26,272,663.75. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Melanie Susan Cibik sold 2,538 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $513.02, for a total value of $1,302,044.76. Following the completion of the transaction, the executive vice president now directly owns 32,100 shares in the company, valued at approximately $16,467,942. The trade was a 7.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,116 shares of company stock valued at $33,505,935 in the last ninety days. 2.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Teledyne Technologies Stock Performance

TDY traded up $0.62 on Tuesday, reaching $509.22. The company had a trading volume of 220,792 shares, compared to its average volume of 267,681. The stock has a 50-day moving average price of $475.48 and a 200-day moving average price of $449.37. The stock has a market capitalization of $23.73 billion, a PE ratio of 29.55, a P/E/G ratio of 3.24 and a beta of 1.01. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $518.85. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the prior year, the firm earned $5.44 EPS. The business's revenue was up 5.4% on a year-over-year basis. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 21.3 EPS for the current fiscal year.

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.