Wells Fargo & Company MN lowered its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,343 shares of the scientific and technical instruments company’s stock after selling 15,205 shares during the period. Wells Fargo & Company MN owned 0.88% of Teledyne Technologies worth $49,719,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in shares of Teledyne Technologies by 1,204.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock worth $166,000 after purchasing an additional 1,204 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Teledyne Technologies by 15.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock worth $169,000 after purchasing an additional 177 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of Teledyne Technologies during the second quarter worth $181,000. Trexquant Investment LP acquired a new position in shares of Teledyne Technologies during the second quarter worth $230,000. Finally, Cetera Investment Advisers acquired a new position in shares of Teledyne Technologies during the second quarter worth $270,000. Hedge funds and other institutional investors own 84.11% of the company’s stock.

In related news, VP Cynthia Y. Belak sold 4,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $185.19, for a total value of $740,760.00. Following the completion of the sale, the vice president now directly owns 6,903 shares of the company’s stock, valued at $1,278,366.57. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Cynthia Y. Belak sold 1,700 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $185.44, for a total transaction of $315,248.00. Following the completion of the sale, the vice president now directly owns 6,903 shares of the company’s stock, valued at $1,280,092.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,406 shares of company stock valued at $3,743,275. 3.30% of the stock is owned by corporate insiders.

Shares of Teledyne Technologies Incorporated (NYSE:TDY) traded up $0.52 on Friday, reaching $180.58. 180,547 shares of the company were exchanged, compared to its average volume of 106,088. Teledyne Technologies Incorporated has a 52-week low of $119.67 and a 52-week high of $186.54. The stock has a market capitalization of $6,399.03, a PE ratio of 27.32, a PEG ratio of 3.59 and a beta of 1.03. The company has a current ratio of 1.98, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.34. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The firm had revenue of $662.20 million during the quarter, compared to analysts’ expectations of $656.20 million. During the same period in the previous year, the company earned $1.46 earnings per share. Teledyne Technologies’s quarterly revenue was up 25.7% compared to the same quarter last year. analysts anticipate that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current fiscal year.

A number of brokerages recently commented on TDY. ValuEngine downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Jefferies Group boosted their target price on shares of Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $157.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Teledyne Technologies currently has an average rating of “Hold” and an average price target of $175.33.

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About Teledyne Technologies

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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