Greenleaf Trust Has $350,000 Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Greenleaf Trust trimmed its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 785 shares of the scientific and technical instruments company’s stock after selling 33 shares during the period. Greenleaf Trust’s holdings in Teledyne Technologies were worth $350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Daiwa Securities Group Inc. raised its holdings in shares of Teledyne Technologies by 4.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,365 shares of the scientific and technical instruments company’s stock worth $2,841,000 after acquiring an additional 287 shares during the period. Wealth Alliance raised its holdings in shares of Teledyne Technologies by 5.6% during the fourth quarter. Wealth Alliance now owns 1,695 shares of the scientific and technical instruments company’s stock worth $756,000 after acquiring an additional 90 shares during the period. Main Street Research LLC acquired a new stake in shares of Teledyne Technologies during the fourth quarter worth $201,000. Strs Ohio grew its position in Teledyne Technologies by 0.5% in the fourth quarter. Strs Ohio now owns 85,359 shares of the scientific and technical instruments company’s stock valued at $38,094,000 after purchasing an additional 461 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Teledyne Technologies by 5.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 134,092 shares of the scientific and technical instruments company’s stock valued at $59,844,000 after purchasing an additional 7,006 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Needham & Company LLC decreased their target price on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Buy” and a consensus target price of $515.67.

Teledyne Technologies Stock Performance

Shares of TDY opened at $407.04 on Wednesday. The firm has a 50-day moving average of $419.96 and a 200-day moving average of $415.27. Teledyne Technologies Incorporated has a one year low of $364.98 and a one year high of $448.19. The company has a market cap of $19.29 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 2.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.69 and a quick ratio of 1.17.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 EPS for the quarter, beating analysts’ consensus estimates of $5.04 by $0.40. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the firm posted $4.94 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 20.56 earnings per share for the current year.

Insider Activity

In other news, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the transaction, the director now owns 18,735 shares of the company’s stock, valued at approximately $8,110,568.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the sale, the director now owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the sale, the director now directly owns 18,735 shares of the company’s stock, valued at approximately $8,110,568.85. The disclosure for this sale can be found here. Insiders sold a total of 6,711 shares of company stock valued at $2,890,621 in the last quarter. Company insiders own 1.88% of the company’s stock.

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.