Teledyne Technologies Incorporated (NYSE:TDY) Stake Lessened by Simon Quick Advisors LLC

Simon Quick Advisors LLC cut its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950 shares of the scientific and technical instruments company’s stock after selling 178 shares during the period. Simon Quick Advisors LLC’s holdings in Teledyne Technologies were worth $441,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Mitchell & Pahl Private Wealth LLC raised its stake in shares of Teledyne Technologies by 5.3% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 1,767 shares of the scientific and technical instruments company’s stock valued at $820,000 after purchasing an additional 89 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Teledyne Technologies during the fourth quarter valued at approximately $226,000. Procyon Advisors LLC lifted its holdings in Teledyne Technologies by 10.1% during the 4th quarter. Procyon Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock worth $498,000 after buying an additional 98 shares during the last quarter. Everpar Advisors LLC grew its position in shares of Teledyne Technologies by 3.6% in the 4th quarter. Everpar Advisors LLC now owns 1,474 shares of the scientific and technical instruments company’s stock worth $684,000 after acquiring an additional 51 shares in the last quarter. Finally, Heritage Family Offices LLP increased its holdings in shares of Teledyne Technologies by 14.5% in the 4th quarter. Heritage Family Offices LLP now owns 828 shares of the scientific and technical instruments company’s stock valued at $384,000 after acquiring an additional 105 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $515.10 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $472.07 and its two-hundred day moving average is $445.49. The firm has a market capitalization of $24.00 billion, a P/E ratio of 26.04, a PEG ratio of 3.00 and a beta of 1.01. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $518.85.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1,451,400 billion. During the same period last year, the firm earned $5.44 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. Analysts anticipate that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TDY shares. TD Cowen lifted their price objective 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. Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a report on Monday, November 11th. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, UBS Group initiated coverage on Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target on the stock. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies currently has an average rating of “Buy” and an average price target of $531.00.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 1,500 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $488.71, for a total transaction of $733,065.00. Following the sale, the insider now directly owns 2,900 shares in the company, valued at approximately $1,417,259. The trade was a 34.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert Mehrabian sold 46,075 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chairman now directly owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. This represents a 21.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,525 shares of company stock worth $26,080,464 over the last ninety days. 2.14% of the stock is currently owned by corporate insiders.

Teledyne Technologies Company 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.