Soros Fund Management LLC Trims Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Soros Fund Management LLC lowered its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 9.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,999 shares of the scientific and technical instruments company's stock after selling 1,860 shares during the quarter. Soros Fund Management LLC's holdings in Teledyne Technologies were worth $7,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Cetera Investment Advisers grew its holdings in shares of Teledyne Technologies by 345.9% during the 1st quarter. Cetera Investment Advisers now owns 8,708 shares of the scientific and technical instruments company's stock worth $3,739,000 after acquiring an additional 6,755 shares during the period. Cetera Advisors LLC raised its holdings in Teledyne Technologies by 146.3% in the first quarter. Cetera Advisors LLC now owns 1,441 shares of the scientific and technical instruments company's stock worth $619,000 after purchasing an additional 856 shares in the last quarter. CWM LLC lifted its position in Teledyne Technologies by 8.7% during the second quarter. CWM LLC now owns 674 shares of the scientific and technical instruments company's stock valued at $261,000 after buying an additional 54 shares during the period. OLD National Bancorp IN bought a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $314,000. Finally, Mitchell & Pahl Private Wealth LLC grew its position in shares of Teledyne Technologies by 6.6% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 1,606 shares of the scientific and technical instruments company's stock worth $623,000 after buying an additional 99 shares during the period. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Stock Down 0.4 %

TDY traded down $2.08 during trading on Friday, hitting $474.64. 59,492 shares of the company's stock traded hands, compared to its average volume of 240,552. The stock has a market capitalization of $22.12 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 3.32 and a beta of 1.01. The company's 50 day simple moving average is $463.65 and its two-hundred day simple moving average is $426.82. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $492.00. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.97 by $0.13. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. Teledyne Technologies's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the company earned $5.05 EPS. Analysts predict that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of 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 upgraded Teledyne Technologies from a "neutral" rating to a "buy" rating and upped their price target for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. Finally, TD Cowen boosted 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. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $517.50.

Insiders Place Their Bets

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the completion of the sale, the chairman now directly owns 171,802 shares in the company, valued at $83,724,268.66. The trade was a 21.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.14% of the stock is currently owned by insiders.

About Teledyne Technologies

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.