M&T Bank Corp Sells 967 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

M&T Bank Corp decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,996 shares of the scientific and technical instruments company's stock after selling 967 shares during the quarter. M&T Bank Corp owned approximately 0.05% of Teledyne Technologies worth $11,601,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Atria Investments Inc lifted its stake in shares of Teledyne Technologies by 3.9% during the fourth quarter. Atria Investments Inc now owns 15,864 shares of the scientific and technical instruments company's stock valued at $7,363,000 after acquiring an additional 593 shares during the period. Keybank National Association OH lifted its position in Teledyne Technologies by 4.0% during the 4th quarter. Keybank National Association OH now owns 1,803 shares of the scientific and technical instruments company's stock valued at $837,000 after purchasing an additional 69 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Teledyne Technologies by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 302,579 shares of the scientific and technical instruments company's stock valued at $140,436,000 after purchasing an additional 11,300 shares during the last quarter. Grandfield & Dodd LLC boosted its stake in shares of Teledyne Technologies by 11.7% in the 4th quarter. Grandfield & Dodd LLC now owns 39,316 shares of the scientific and technical instruments company's stock valued at $18,248,000 after purchasing an additional 4,125 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Teledyne Technologies by 31.6% during the 4th quarter. Jones Financial Companies Lllp now owns 200 shares of the scientific and technical instruments company's stock worth $93,000 after buying an additional 48 shares during the period. 91.58% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages have issued reports on TDY. Needham & Company LLC reaffirmed a "buy" rating and issued a $585.00 price objective on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Bank of America raised Teledyne Technologies from a "neutral" rating to a "buy" rating and increased their price target for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, UBS Group started coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They set a "buy" rating and a $585.00 price objective for the company. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of "Buy" and an average price target of $538.00.

Insider Buying and Selling

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the completion of the transaction, the insider now directly owns 51,324 shares of the company's stock, valued at $26,691,559.44. This represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction that occurred on Monday, March 3rd. The shares were 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 in the company, 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. In the last three months, insiders sold 36,596 shares of company stock valued at $18,678,177. 2.14% of the stock is owned by corporate insiders.

Teledyne Technologies Trading Down 1.7 %

TDY traded down $8.23 during mid-day trading on Friday, hitting $483.04. The stock had a trading volume of 379,938 shares, compared to its average volume of 259,424. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50. The firm has a market capitalization of $22.62 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The stock's fifty day simple moving average is $490.91 and its 200-day simple moving average is $466.97.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted $5.44 EPS. The firm's revenue was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

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.