Teledyne Technologies Incorporated (NYSE:TDY) Stock Position Decreased by Sentry Investment Management LLC

Sentry Investment Management LLC lowered its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176 shares of the scientific and technical instruments company’s stock after selling 29 shares during the period. Sentry Investment Management LLC’s holdings in Teledyne Technologies were worth $82,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TDY. Crestwood Advisors Group LLC lifted its stake in Teledyne Technologies by 18.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 597 shares of the scientific and technical instruments company’s stock valued at $277,000 after buying an additional 94 shares during the last quarter. World Equity Group Inc. bought a new stake in Teledyne Technologies in the 4th quarter valued at about $222,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Teledyne Technologies by 46.9% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,039 shares of the scientific and technical instruments company’s stock valued at $9,301,000 after purchasing an additional 6,400 shares during the period. Cohen Capital Management Inc. grew its position in Teledyne Technologies by 58.5% in the 4th quarter. Cohen Capital Management Inc. now owns 11,952 shares of the scientific and technical instruments company’s stock worth $5,547,000 after purchasing an additional 4,412 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its stake in shares of Teledyne Technologies by 1.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,130 shares of the scientific and technical instruments company’s stock valued at $1,917,000 after purchasing an additional 59 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TDY. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. UBS Group began coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $585.00 price target on shares of Teledyne Technologies in a report on Wednesday, February 5th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $538.00.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $500.73 on Friday. The stock has a market cap of $23.45 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $522.50. The stock’s 50 day moving average price is $487.08 and its 200 day moving average price is $463.14.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business earned $5.44 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Cynthia Y. Belak sold 5,745 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $508.34, for a total value of $2,920,413.30. Following the sale, the vice president now directly owns 4,962 shares in the company, valued at $2,522,383.08. The trade was a 53.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael T. Smith sold 2,025 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $478.25, for a total transaction of $968,456.25. Following the sale, the director now directly owns 54,935 shares of the company’s stock, valued at approximately $26,272,663.75. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,190 shares of company stock worth $16,386,864. 1.88% of the stock is 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.