Securian Asset Management Inc. Cuts Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Securian Asset Management Inc. trimmed its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,518 shares of the scientific and technical instruments company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Teledyne Technologies were worth $1,169,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Teledyne Technologies by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 131,965 shares of the scientific and technical instruments company’s stock worth $57,756,000 after buying an additional 624 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Teledyne Technologies by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 31,436 shares of the scientific and technical instruments company’s stock worth $13,758,000 after buying an additional 563 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Teledyne Technologies by 7.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,640 shares of the scientific and technical instruments company’s stock worth $2,031,000 after buying an additional 304 shares during the last quarter. KBC Group NV boosted its stake in shares of Teledyne Technologies by 0.7% in the 3rd quarter. KBC Group NV now owns 10,135 shares of the scientific and technical instruments company’s stock worth $4,436,000 after buying an additional 67 shares during the last quarter. Finally, Metis Global Partners LLC boosted its stake in shares of Teledyne Technologies by 1.6% in the 3rd quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company’s stock worth $663,000 after buying an additional 24 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 51,324 shares of the company’s stock, valued at $26,691,559.44. This trade represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert Mehrabian sold 5,768 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $518.22, for a total value of $2,989,092.96. Following the sale, the chairman now directly owns 144,553 shares in the company, valued at approximately $74,910,255.66. This represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,571 shares of company stock valued at $17,709,721 over the last ninety days. 2.14% of the stock is currently owned by company insiders.

Teledyne Technologies Price Performance

NYSE TDY opened at $491.72 on Friday. The company has a market capitalization of $23.03 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The business’s fifty day moving average is $493.19 and its 200 day moving average is $469.25. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $522.50.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on TDY. Needham & Company LLC restated a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. UBS Group initiated coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price on the stock. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $538.00.

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.