Advisor OS LLC Reduces Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Advisor OS LLC reduced its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 45.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 702 shares of the scientific and technical instruments company’s stock after selling 587 shares during the period. Advisor OS LLC’s holdings in Teledyne Technologies were worth $326,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Covea Finance boosted its holdings in shares of Teledyne Technologies by 25.1% in the 4th quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company’s stock valued at $9,932,000 after acquiring an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock valued at $503,338,000 after acquiring an additional 64,617 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Teledyne Technologies by 10.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,515 shares of the scientific and technical instruments company’s stock valued at $3,024,000 after acquiring an additional 640 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Teledyne Technologies by 37.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,290 shares of the scientific and technical instruments company’s stock valued at $2,021,000 after acquiring an additional 1,176 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in shares of Teledyne Technologies by 240.5% in the 3rd quarter. Verition Fund Management LLC now owns 36,524 shares of the scientific and technical instruments company’s stock valued at $15,985,000 after acquiring an additional 25,796 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on TDY shares. 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. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Finally, UBS Group started coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $538.00.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $500.73 on Friday. The company’s fifty day moving average price is $487.08 and its 200 day moving average price is $463.14. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $522.50. The company has a market capitalization of $23.45 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33.

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

Insiders Place Their Bets

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the completion of the transaction, the vice president now directly owns 4,962 shares in the company, valued at approximately $2,522,383.08. This represents a 53.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Melanie Susan Cibik sold 2,538 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $513.02, for a total transaction of $1,302,044.76. Following the transaction, the executive vice president now owns 32,100 shares of the company’s stock, valued at $16,467,942. This represents a 7.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,190 shares of company stock worth $16,386,864. Company insiders own 1.88% of the company’s stock.

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.