Teledyne Technologies Incorporated (NYSE:TDY) Stock Holdings Lowered by AtonRa Partners

AtonRa Partners reduced its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 14.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 762 shares of the scientific and technical instruments company’s stock after selling 129 shares during the quarter. AtonRa Partners’ holdings in Teledyne Technologies were worth $340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Intrust Bank NA raised its holdings in shares of Teledyne Technologies by 6.4% in the 4th quarter. Intrust Bank NA now owns 992 shares of the scientific and technical instruments company’s stock worth $443,000 after purchasing an additional 60 shares in the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in shares of Teledyne Technologies by 2.7% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 1,878 shares of the scientific and technical instruments company’s stock worth $838,000 after purchasing an additional 49 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Teledyne Technologies by 27.8% during the fourth quarter. Russell Investments Group Ltd. now owns 18,138 shares of the scientific and technical instruments company’s stock valued at $8,083,000 after acquiring an additional 3,948 shares during the period. Truist Financial Corp raised its holdings in shares of Teledyne Technologies by 8.9% during the fourth quarter. Truist Financial Corp now owns 19,546 shares of the scientific and technical instruments company’s stock valued at $8,723,000 after acquiring an additional 1,601 shares during the period. Finally, Sandhill Capital Partners LLC acquired a new position in Teledyne Technologies in the 4th quarter worth approximately $21,037,000. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TDY. Bank of America cut shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $490.00 to $400.00 in a report on Friday. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. TD Cowen dropped their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Needham & Company LLC reduced their price objective on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $470.83.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 511 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total transaction of $220,241.00. Following the transaction, the director now owns 56,492 shares in the company, valued at $24,348,052. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the sale, the director now owns 67,288 shares in the company, valued at $28,711,789.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael T. Smith sold 511 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total transaction of $220,241.00. Following the completion of the sale, the director now owns 56,492 shares in the company, valued at approximately $24,348,052. The disclosure for this sale can be found here. Insiders have sold a total of 6,711 shares of company stock worth $2,890,621 over the last 90 days. Insiders own 1.88% of the company’s stock.

Teledyne Technologies Stock Up 2.2 %

TDY traded up $8.14 during midday trading on Monday, hitting $382.78. 351,221 shares of the company’s stock traded hands, compared to its average volume of 236,945. The company has a market cap of $18.14 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.02. The stock’s fifty day simple moving average is $416.42 and its 200-day simple moving average is $414.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $448.19.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share for the quarter, missing the consensus estimate of $4.63 by ($0.08). Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business posted $4.53 EPS. Teledyne Technologies’s revenue was down 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Teledyne Technologies Incorporated will post 20.61 earnings per share for the current fiscal 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.