Greenleaf Trust Has $984,000 Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Greenleaf Trust decreased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,121 shares of the scientific and technical instruments company’s stock after selling 74 shares during the period. Greenleaf Trust’s holdings in Teledyne Technologies were worth $984,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TDY. Covea Finance increased its holdings in 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 purchasing an additional 4,300 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Teledyne Technologies by 6.0% in 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 purchasing an additional 64,617 shares during the last quarter. Verition Fund Management LLC grew its stake in Teledyne Technologies by 240.5% in the 3rd quarter. Verition Fund Management LLC now owns 36,524 shares of the scientific and technical instruments company’s stock valued at $15,985,000 after purchasing an additional 25,796 shares during the period. West Oak Capital LLC grew its stake in Teledyne Technologies by 4,721.8% in the 4th quarter. West Oak Capital LLC now owns 11,283 shares of the scientific and technical instruments company’s stock valued at $5,237,000 after purchasing an additional 11,049 shares during the period. Finally, National Bank of Canada FI increased its position in shares of 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 valued at $23,554,000 after purchasing an additional 36,867 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 0.7 %

Shares of Teledyne Technologies stock opened at $507.88 on Tuesday. The company’s 50-day moving average price is $477.57 and its 200-day moving average price is $451.76. The company has a market cap of $23.67 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 3.21 and a beta of 1.02. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50. 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 (NYSE:TDY) 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. On average, equities analysts expect that Teledyne Technologies Incorporated will post 21.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the sale, the chairman now owns 171,802 shares in the company, valued at $83,724,268.66. This trade represents a 21.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Jason Vanwees sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $488.71, for a total value of $733,065.00. Following the completion of the sale, the insider now directly owns 2,900 shares of the company’s stock, valued at approximately $1,417,259. This represents a 34.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,683 shares of company stock valued at $38,943,649 in the last 90 days. Corporate insiders own 1.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TDY shares. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, November 11th. TD Cowen lifted their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $450.00 to $550.00 in a report on Friday, November 8th. Finally, UBS Group assumed coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price on the stock. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $531.00.

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.