Zacks Investment Management Sells 1,275 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Zacks Investment Management lowered its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 612 shares of the scientific and technical instruments company's stock after selling 1,275 shares during the period. Zacks Investment Management's holdings in Teledyne Technologies were worth $284,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

TDY has been the topic of a number of analyst reports. Needham & Company LLC restated 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 lifted their price target on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Finally, StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, April 16th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $548.00.

Insider Buying and Selling at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $520.06, for a total value of $1,924,222.00. Following the transaction, the insider now owns 51,324 shares of the company's stock, valued at $26,691,559.44. This trade represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Cynthia Y. Belak sold 5,745 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $508.34, for a total value of $2,920,413.30. Following the transaction, the vice president now owns 4,962 shares of the company's stock, valued at approximately $2,522,383.08. This trade represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,571 shares of company stock valued at $17,709,721. Insiders own 1.50% of the company's stock.

Teledyne Technologies Stock Performance

TDY stock traded up $7.32 on Tuesday, hitting $460.67. The company had a trading volume of 345,911 shares, compared to its average volume of 260,258. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50. The stock has a market cap of $21.58 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 3.14 and a beta of 1.03. The stock's 50-day simple moving average is $484.49 and its 200 day simple moving average is $478.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, beating analysts' consensus estimates of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company earned $5.44 earnings per share. Teledyne Technologies's revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal 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.