Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Defender Capital LLC.

Defender Capital LLC. lowered its position in Teledyne Technologies Incorporated (NYSE:TDY) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,101 shares of the scientific and technical instruments company’s stock after selling 1,515 shares during the quarter. Teledyne Technologies accounts for approximately 6.2% of Defender Capital LLC.’s holdings, making the stock its 8th biggest holding. Defender Capital LLC.’s holdings in Teledyne Technologies were worth $16,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new stake in Teledyne Technologies in the third quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in shares of Teledyne Technologies in the 3rd quarter valued at about $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Teledyne Technologies in the 3rd quarter valued at about $39,000. Quarry LP lifted its position in shares of Teledyne Technologies by 706.3% during the second quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 113 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in Teledyne Technologies by 432.0% in the third quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock worth $58,000 after purchasing an additional 108 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group initiated coverage on Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price on the stock. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. TD Cowen increased their target price 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. Bank of America raised 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. Finally, Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Six equities research 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 target price of $531.00.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, COO George C. Bobb III sold 6,308 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were 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 directly owns 10,482 shares in the company, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Robert Mehrabian sold 3,925 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the transaction, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $84,268,881. This trade represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,915 shares of company stock valued at $35,954,556 in the last quarter. Corporate insiders own 2.14% of the company’s stock.

Teledyne Technologies Stock Down 0.1 %

TDY stock opened at $508.81 on Thursday. The stock has a market cap of $23.71 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. The firm’s 50-day simple moving average is $476.25 and its 200 day simple moving average is $449.79. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $518.85. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last announced its quarterly 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. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $5.44 earnings per share. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.3 EPS for the current year.

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.