Dynamic Technology Lab Private Ltd Sells 1,289 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Dynamic Technology Lab Private Ltd trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY) by 55.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,033 shares of the scientific and technical instruments company’s stock after selling 1,289 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Teledyne Technologies were worth $479,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Teledyne Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,612,484 shares of the scientific and technical instruments company’s stock valued at $2,604,922,000 after acquiring an additional 46,479 shares in the last quarter. Geode Capital Management LLC increased its stake in Teledyne Technologies by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,192,019 shares of the scientific and technical instruments company’s stock valued at $520,335,000 after purchasing an additional 28,224 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Teledyne Technologies by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after buying an additional 64,617 shares during the last quarter. Norges Bank bought a new position in shares of Teledyne Technologies in the fourth quarter valued at $306,042,000. Finally, Sei Investments Co. grew its holdings in shares of Teledyne Technologies by 5.3% during the fourth quarter. Sei Investments Co. now owns 383,113 shares of the scientific and technical instruments company’s stock valued at $177,814,000 after buying an additional 19,421 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $434.48 on Wednesday. The business’s fifty day simple moving average is $494.81 and its 200 day simple moving average is $476.79. 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 firm has a market capitalization of $20.35 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping 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%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $5.44 EPS. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Activity

In other 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 owns 51,324 shares of the company’s stock, valued at $26,691,559.44. This represents a 6.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO George C. Bobb III sold 6,308 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the sale, the chief operating officer now owns 10,482 shares in the company, valued at $5,322,445.14. This represents a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,571 shares of company stock valued at $17,709,721 in the last three months. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TDY. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. Bank of America lifted their target price on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, March 17th. Needham & Company LLC reissued a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Finally, UBS Group started coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $548.00.

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.