Southeast Asset Advisors LLC Sells 691 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Southeast Asset Advisors LLC cut its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,995 shares of the scientific and technical instruments company's stock after selling 691 shares during the quarter. Southeast Asset Advisors LLC's holdings in Teledyne Technologies were worth $2,782,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TDY. LPL Financial LLC boosted its stake in Teledyne Technologies by 8.5% in the 4th quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company's stock worth $13,166,000 after purchasing an additional 2,224 shares during the period. Amundi increased its position in shares of Teledyne Technologies by 11.9% during the 4th quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company's stock worth $57,687,000 after purchasing an additional 13,244 shares during the last quarter. Covea Finance increased its holdings in Teledyne Technologies by 25.1% during the fourth quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company's stock worth $9,932,000 after buying an additional 4,300 shares during the last quarter. ING Groep NV grew its position in shares of Teledyne Technologies by 144.9% in the 4th quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company's stock valued at $2,763,000 after acquiring an additional 3,522 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company's stock valued at $503,338,000 after purchasing an additional 64,617 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on TDY. StockNews.com cut Teledyne Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Needham & Company LLC reissued a "buy" rating and set a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Finally, Bank of America raised their price target on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $548.00.

Insider Transactions at Teledyne Technologies

In related news, VP Cynthia Y. Belak sold 5,745 shares of the firm's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction 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 trade represents a 53.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO George C. Bobb III sold 6,308 shares of the company's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the transaction, the chief operating officer now directly owns 10,482 shares of the company's stock, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,571 shares of company stock valued at $17,709,721. 1.50% of the stock is currently owned by company insiders.

Teledyne Technologies Stock Performance

NYSE:TDY traded up $5.70 during mid-day trading on Friday, hitting $464.63. 247,216 shares of the stock were exchanged, compared to its average volume of 257,935. The firm's 50-day simple moving average is $490.99 and its 200 day simple moving average is $477.37. The stock has a market capitalization of $21.76 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $522.50. 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 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 net margin of 14.45% and a return on equity of 9.94%. The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the business posted $5.44 earnings per share. Teledyne Technologies's quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities 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.