Victory Capital Management Inc. Decreases Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Victory Capital Management Inc. trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,854 shares of the scientific and technical instruments company's stock after selling 2,582 shares during the period. Victory Capital Management Inc. owned about 0.06% of Teledyne Technologies worth $13,392,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Teledyne Technologies in the third quarter worth approximately $32,000. Wilmington Savings Fund Society FSB purchased a new position in Teledyne Technologies in the 3rd quarter valued at $39,000. Newbridge Financial Services Group Inc. acquired a new stake in Teledyne Technologies during the 4th quarter worth $46,000. Private Trust Co. NA grew its holdings in shares of Teledyne Technologies by 43.0% during the fourth quarter. Private Trust Co. NA now owns 173 shares of the scientific and technical instruments company's stock worth $80,000 after buying an additional 52 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Teledyne Technologies by 31.6% in the fourth quarter. Jones Financial Companies Lllp now owns 200 shares of the scientific and technical instruments company's stock valued at $93,000 after buying an additional 48 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Trading Down 1.1 %

Shares of TDY traded down $5.25 during mid-day trading on Thursday, reaching $480.16. The stock had a trading volume of 186,171 shares, compared to its average volume of 265,912. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $522.50. The firm has a market cap of $22.49 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 3.14 and a beta of 1.03. The business's fifty day moving average is $492.11 and its 200 day moving average is $468.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.

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

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of recent research reports. UBS Group started coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They set a "buy" rating and a $585.00 price target on the stock. Needham & Company LLC restated a "buy" rating and set a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Six equities research 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 $538.00.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the transaction, the insider now directly owns 51,324 shares in the company, valued at $26,691,559.44. This represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the completion of the transaction, the executive vice president now directly owns 26,529 shares of the company's stock, valued at approximately $13,794,018.84. This represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,571 shares of company stock worth $17,709,721 over the last quarter. 2.14% of the stock is currently owned by company insiders.

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.