Eagle Bay Advisors LLC Sells 38 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Eagle Bay Advisors LLC cut its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 475 shares of the scientific and technical instruments company’s stock after selling 38 shares during the period. Eagle Bay Advisors LLC’s holdings in Teledyne Technologies were worth $220,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Czech National Bank lifted its position in Teledyne Technologies by 6.0% during the fourth quarter. Czech National Bank now owns 10,105 shares of the scientific and technical instruments company’s stock worth $4,690,000 after acquiring an additional 575 shares during the last quarter. West Oak Capital LLC raised 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 buying an additional 11,049 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Teledyne Technologies by 5.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,418 shares of the scientific and technical instruments company’s stock valued at $621,000 after buying an additional 74 shares in the last quarter. Fulton Bank N.A. raised its position in shares of Teledyne Technologies by 14.9% in the fourth quarter. Fulton Bank N.A. now owns 1,415 shares of the scientific and technical instruments company’s stock valued at $657,000 after buying an additional 183 shares in the last quarter. Finally, One Wealth Capital Management LLC acquired a new stake in shares of Teledyne Technologies in the fourth quarter valued at approximately $233,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Vice Chairman Jason Vanwees sold 1,500 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $488.71, for a total value of $733,065.00. Following the sale, the insider now owns 2,900 shares in the company, valued at $1,417,259. This represents a 34.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Robert Mehrabian sold 46,075 shares of the company’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 completion of the sale, the chairman now directly owns 171,802 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 53,525 shares of company stock worth $26,080,464. Company insiders own 2.14% of the company’s stock.

Teledyne Technologies Trading Up 0.3 %

Shares of Teledyne Technologies stock traded up $1.18 during trading on Monday, hitting $457.58. The company’s stock had a trading volume of 43,490 shares, compared to its average volume of 182,735. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The stock has a market cap of $21.32 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 3.30 and a beta of 1.01. The stock has a 50-day moving average price of $472.44 and a two-hundred day moving average price of $440.81. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $492.00.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the firm posted $5.05 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Analysts Set New Price Targets

TDY has been the subject of a number of analyst reports. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $450.00 to $550.00 in a research report on Friday, November 8th. TD Cowen boosted their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. 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. Finally, UBS Group started coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $531.00.

About Teledyne Technologies

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.