Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,147 shares of the scientific and technical instruments company's stock after selling 1,236 shares during the period. Cerity Partners LLC's holdings in Teledyne Technologies were worth $6,635,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TDY. Stratos Wealth Partners LTD. lifted its stake in shares of Teledyne Technologies by 4.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock valued at $232,000 after acquiring an additional 21 shares during the last quarter. Ironwood Investment Management LLC raised its holdings in Teledyne Technologies by 0.8% in the 4th quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock valued at $1,335,000 after buying an additional 22 shares during the last quarter. New York Life Investment Management LLC boosted its position in Teledyne Technologies by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company's stock worth $2,884,000 after buying an additional 25 shares during the period. Allworth Financial LP increased its position in Teledyne Technologies by 15.1% in the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company's stock valued at $105,000 after acquiring an additional 27 shares during the period. Finally, Net Worth Advisory Group lifted its holdings in shares of Teledyne Technologies by 1.5% during the fourth quarter. Net Worth Advisory Group now owns 1,802 shares of the scientific and technical instruments company's stock worth $836,000 after purchasing an additional 27 shares during the period. Institutional investors own 91.58% of the company's stock.

Insider Activity at Teledyne Technologies

In other 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 value of $2,920,413.30. Following the transaction, the vice president now directly owns 4,962 shares in the company, valued at $2,522,383.08. This trade represents a 53.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Robert Mehrabian sold 5,768 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $518.22, for a total transaction of $2,989,092.96. Following the completion of the transaction, the chairman now owns 144,553 shares of the company's stock, valued at approximately $74,910,255.66. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,571 shares of company stock worth $17,709,721 in the last ninety days. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Bank of America upped their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Finally, StockNews.com raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teledyne Technologies has an average rating of "Buy" and a consensus price target of $548.00.

Teledyne Technologies Stock Performance

TDY stock traded up $0.63 during midday trading on Thursday, reaching $461.52. 70,121 shares of the company's stock traded hands, compared to its average volume of 258,110. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $522.50. The company has a 50-day moving average price of $488.18 and a two-hundred day moving average price of $477.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The firm has a market capitalization of $21.62 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 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 firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business earned $5.44 EPS. The business's revenue for the quarter 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 year.

Teledyne Technologies 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.