Diversify Wealth Management LLC Reduces Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Diversify Wealth Management LLC trimmed its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,705 shares of the scientific and technical instruments company’s stock after selling 240 shares during the quarter. Diversify Wealth Management LLC’s holdings in Teledyne Technologies were worth $1,235,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Covea Finance boosted its position in shares of Teledyne Technologies by 25.1% in the 4th quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company’s stock worth $9,932,000 after buying an additional 4,300 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 acquiring an additional 64,617 shares during the last quarter. Verition Fund Management LLC lifted its holdings in shares of Teledyne Technologies by 240.5% in the third 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 in the last quarter. West Oak Capital LLC grew its position in shares of Teledyne Technologies by 4,721.8% in the fourth 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 last quarter. Finally, National Bank of Canada FI increased its stake 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 worth $23,554,000 after purchasing an additional 36,867 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TDY shares. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. UBS Group initiated coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective on the stock. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $450.00 to $550.00 in a research note on Friday, November 8th. TD Cowen raised their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, November 11th. 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 price target of $531.00.

Teledyne Technologies Trading Up 0.3 %

TDY stock opened at $473.41 on Tuesday. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $492.00. The company has a market cap of $22.06 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.85 and a beta of 1.01. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $471.72 and a 200-day simple moving average of $444.32.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $5.05 EPS. On average, equities research analysts expect that Teledyne Technologies Incorporated will post 19.45 EPS for the current year.

Insiders Place Their Bets

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 1,500 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were 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 owns 2,900 shares of the company’s stock, valued at $1,417,259. This trade represents a 34.09 % decrease in their ownership of the stock. The sale 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 business’s stock in a transaction on 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 transaction, the chairman now directly 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. Insiders sold a total of 53,525 shares of company stock worth $26,080,464 over the last ninety days. 1.88% of the stock is owned by company insiders.

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.