Signature Estate & Investment Advisors LLC Reduces Position in Teledyne Technologies Incorporated (NYSE:TDY)

Signature Estate & Investment Advisors LLC decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 28.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,943 shares of the scientific and technical instruments company's stock after selling 1,953 shares during the period. Signature Estate & Investment Advisors LLC's holdings in Teledyne Technologies were worth $2,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TDY. Empowered Funds LLC raised its position in shares of Teledyne Technologies by 24.6% in the first quarter. Empowered Funds LLC now owns 588 shares of the scientific and technical instruments company's stock valued at $252,000 after purchasing an additional 116 shares during the period. US Bancorp DE boosted its stake in Teledyne Technologies by 1.7% in the 1st quarter. US Bancorp DE now owns 7,696 shares of the scientific and technical instruments company's stock valued at $3,304,000 after purchasing an additional 130 shares during the period. ProShare Advisors LLC grew its holdings in Teledyne Technologies by 14.3% in the 1st quarter. ProShare Advisors LLC now owns 9,907 shares of the scientific and technical instruments company's stock valued at $4,253,000 after buying an additional 1,238 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Teledyne Technologies by 15.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,978 shares of the scientific and technical instruments company's stock worth $1,279,000 after buying an additional 401 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Teledyne Technologies by 3.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 48,288 shares of the scientific and technical instruments company's stock valued at $21,602,000 after acquiring an additional 1,665 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of Teledyne Technologies stock in a transaction on Monday, November 11th. The stock was sold at an average price of $487.33, for a total value of $22,453,729.75. Following the completion of the sale, the chairman now owns 171,802 shares of the company's stock, valued at approximately $83,724,268.66. This trade represents a 21.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.14% of the stock is currently owned by corporate insiders.

Teledyne Technologies Stock Down 1.3 %

Shares of NYSE TDY traded down $6.41 during trading on Friday, hitting $470.15. The stock had a trading volume of 292,482 shares, compared to its average volume of 240,739. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The firm has a fifty day moving average of $449.30 and a two-hundred day moving average of $417.90. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $492.00. The company has a market capitalization of $21.91 billion, a PE ratio of 23.77, a PEG ratio of 3.38 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.13. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The business's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.05 earnings per share. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 19.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on TDY. Vertical Research assumed coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $470.00 price target for the company. TD Cowen upped their target price on Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Needham & Company LLC upped their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a "buy" rating in a research report on Monday. StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Finally, 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $517.50.

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.