Empirical Financial Services LLC d.b.a. Empirical Wealth Management Lowers Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 22.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,243 shares of the scientific and technical instruments company’s stock after selling 355 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Teledyne Technologies were worth $577,000 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. American Century Companies Inc. boosted its holdings in Teledyne Technologies by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 2,929 shares of the scientific and technical instruments company’s stock valued at $1,136,000 after acquiring an additional 199 shares during the period. Public Sector Pension Investment Board raised its position in Teledyne Technologies by 80.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,810 shares of the scientific and technical instruments company’s stock valued at $702,000 after purchasing an additional 805 shares in the last quarter. Squarepoint Ops LLC raised its position in Teledyne Technologies by 605.2% in the 2nd quarter. Squarepoint Ops LLC now owns 9,027 shares of the scientific and technical instruments company’s stock valued at $3,502,000 after purchasing an additional 7,747 shares in the last quarter. AQR Capital Management LLC raised its position in Teledyne Technologies by 1.5% in the 2nd quarter. AQR Capital Management LLC now owns 9,275 shares of the scientific and technical instruments company’s stock valued at $3,591,000 after purchasing an additional 141 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in Teledyne Technologies in the 2nd quarter valued at about $1,197,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 2,538 shares of Teledyne Technologies stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $513.02, for a total value of $1,302,044.76. Following the transaction, the executive vice president now directly owns 32,100 shares in the company, valued at approximately $16,467,942. This trade represents a 7.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael T. Smith sold 2,025 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $478.25, for a total value of $968,456.25. Following the completion of the transaction, the director now owns 54,935 shares in the company, valued at $26,272,663.75. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,116 shares of company stock valued at $33,505,935 over the last quarter. Company insiders own 2.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TDY. Needham & Company LLC increased their price target on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $450.00 to $550.00 in a research report on Friday, November 8th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. UBS Group began coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price on the stock. Finally, TD Cowen raised their target price on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies presently has an average rating of “Buy” and an average price target of $531.00.

Teledyne Technologies Trading Up 0.1 %

TDY opened at $509.22 on Wednesday. The firm has a market cap of $23.73 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $518.85. The business’s 50 day moving average is $475.48 and its two-hundred day moving average is $449.37. 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 released its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping 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 return on equity of 9.94% and a net margin of 14.45%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.44 earnings per share. On average, research analysts predict that Teledyne Technologies Incorporated will post 21.3 EPS for the current year.

About Teledyne Technologies

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.