Loomis Sayles & Co. L P Has $1.62 Million Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Loomis Sayles & Co. L P lessened its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 51.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,494 shares of the scientific and technical instruments company’s stock after selling 3,721 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Teledyne Technologies were worth $1,622,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TDY. Stratos Wealth Partners LTD. increased its holdings in Teledyne Technologies by 4.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock worth $232,000 after purchasing an additional 21 shares in the last quarter. Ironwood Investment Management LLC boosted its position in shares of Teledyne Technologies by 0.8% during the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company’s stock worth $1,335,000 after buying an additional 22 shares during the period. New York Life Investment Management LLC grew its holdings in shares of Teledyne Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company’s stock worth $2,884,000 after buying an additional 25 shares in the last quarter. Allworth Financial LP raised its position in Teledyne Technologies by 15.1% in the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock valued at $105,000 after buying an additional 27 shares during the last quarter. Finally, Net Worth Advisory Group lifted its stake in Teledyne Technologies by 1.5% in the 4th quarter. Net Worth Advisory Group now owns 1,802 shares of the scientific and technical instruments company’s stock valued at $836,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $585.00 price objective on shares of Teledyne Technologies in a report on Wednesday, February 5th. UBS Group assumed 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. Finally, Bank of America raised their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a report on Monday, March 17th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $548.00.

Teledyne Technologies Price Performance

Shares of TDY opened at $494.78 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $501.03 and its 200 day simple moving average is $474.86. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50. The company has a market cap of $23.17 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business earned $5.44 EPS. Teledyne Technologies’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In related news, COO George C. Bobb III sold 6,308 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $507.77, for a total value of $3,203,013.16. Following the sale, the chief operating officer now owns 10,482 shares in the company, valued at approximately $5,322,445.14. This represents a 37.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies stock in a transaction on Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the transaction, the vice president now directly owns 4,962 shares of the company’s stock, valued at approximately $2,522,383.08. This trade represents a 53.66 % 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 90 days. Company insiders own 1.50% of the company’s stock.

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.