Defender Capital LLC. decreased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 36,101 shares of the scientific and technical instruments company's stock after selling 1,515 shares during the quarter. Teledyne Technologies makes up 6.2% of Defender Capital LLC.'s investment portfolio, making the stock its 8th largest position. Defender Capital LLC. owned approximately 0.08% of Teledyne Technologies worth $16,756,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Covea Finance grew its stake in shares of Teledyne Technologies by 25.1% during the 4th quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company's stock worth $9,932,000 after acquiring an additional 4,300 shares during the period. JPMorgan Chase & Co. lifted its holdings in Teledyne Technologies by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company's stock worth $503,338,000 after purchasing an additional 64,617 shares in the last quarter. Verition Fund Management LLC lifted its holdings in Teledyne Technologies by 240.5% during the 3rd quarter. Verition Fund Management LLC now owns 36,524 shares of the scientific and technical instruments company's stock worth $15,985,000 after purchasing an additional 25,796 shares in the last quarter. West Oak Capital LLC lifted its holdings in Teledyne Technologies by 4,721.8% during the 4th quarter. West Oak Capital LLC now owns 11,283 shares of the scientific and technical instruments company's stock worth $5,237,000 after purchasing an additional 11,049 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in Teledyne Technologies by 217.5% during the 3rd quarter. National Bank of Canada FI now owns 53,819 shares of the scientific and technical instruments company's stock worth $23,554,000 after purchasing an additional 36,867 shares in the last quarter. Institutional investors own 91.58% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on TDY shares. Bank of America raised Teledyne Technologies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $450.00 to $550.00 in a report on Friday, November 8th. UBS Group began coverage on Teledyne Technologies in a report on Tuesday, December 10th. They set a "buy" rating and a $585.00 price objective on the stock. TD Cowen raised their price target on Teledyne Technologies from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, October 24th. StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC raised their price target on Teledyne Technologies from $528.00 to $550.00 and gave the company a "buy" rating in a report on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $531.00.
Check Out Our Latest Analysis on TDY
Insider Activity at Teledyne Technologies
In related news, COO George C. Bobb III sold 6,308 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the transaction, the chief operating officer now directly owns 10,482 shares in the company, valued at $5,322,445.14. This trade represents a 37.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert Mehrabian sold 46,075 shares of the firm's stock in a transaction that occurred 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 transaction, the chairman now owns 171,802 shares in the company, valued at approximately $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,915 shares of company stock valued at $35,954,556. Corporate insiders own 2.14% of the company's stock.
Teledyne Technologies Price Performance
Shares of NYSE TDY traded up $8.52 during trading hours on Thursday, reaching $517.27. 90,027 shares of the stock traded hands, compared to its average volume of 254,786. The company has a market capitalization of $24.10 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $518.85. The company's 50-day simple moving average is $476.25 and its two-hundred day simple moving average is $449.79.
Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $5.44 EPS. Equities research analysts forecast that Teledyne Technologies Incorporated will post 21.3 EPS for the current year.
About Teledyne Technologies
(
Free Report)
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.
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