Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by National Pension Service

National Pension Service lowered its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,496 shares of the scientific and technical instruments company's stock after selling 6,897 shares during the period. National Pension Service owned about 0.16% of Teledyne Technologies worth $35,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Teledyne Technologies by 37.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,114 shares of the scientific and technical instruments company's stock valued at $1,357,000 after acquiring an additional 850 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in shares of Teledyne Technologies by 7.2% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,784 shares of the scientific and technical instruments company's stock valued at $781,000 after purchasing an additional 120 shares during the last quarter. Cigna Investments Inc. New acquired a new position in shares of Teledyne Technologies in the 3rd quarter valued at $217,000. Stephens Inc. AR grew its holdings in shares of Teledyne Technologies by 13.0% during the 3rd quarter. Stephens Inc. AR now owns 669 shares of the scientific and technical instruments company's stock worth $293,000 after purchasing an additional 77 shares during the period. Finally, New York State Common Retirement Fund increased its position in shares of Teledyne Technologies by 7.4% during the 3rd quarter. New York State Common Retirement Fund now owns 46,405 shares of the scientific and technical instruments company's stock worth $20,310,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TDY shares. Bank of America upgraded shares of Teledyne Technologies from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Needham & Company LLC reiterated a "buy" rating and issued a $585.00 price objective on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Finally, UBS Group initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They set a "buy" rating and a $585.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies presently has an average rating of "Buy" and a consensus target price of $538.00.

Insider Buying and Selling

In other Teledyne Technologies news, Director Michael T. Smith sold 2,025 shares of the 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 transaction, the director now owns 54,935 shares of the company's stock, valued at $26,272,663.75. This represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the company'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 sale, the vice president now owns 4,962 shares of the company's stock, valued at $2,522,383.08. This represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,190 shares of company stock valued at $16,386,864 over the last three months. 2.14% of the stock is currently owned by company insiders.

Teledyne Technologies Stock Performance

NYSE TDY traded up $1.13 during trading on Monday, reaching $516.15. The company's stock had a trading volume of 67,297 shares, compared to its average volume of 244,364. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50. The firm has a market cap of $24.17 billion, a price-to-earnings ratio of 29.89, a P/E/G ratio of 3.14 and a beta of 1.03. The business's fifty day moving average price is $488.76 and its 200-day moving average price is $464.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33.

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 return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the firm posted $5.44 EPS. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts anticipate 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.