NFJ Investment Group LLC Sells 91 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

NFJ Investment Group LLC cut its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,337 shares of the scientific and technical instruments company’s stock after selling 91 shares during the quarter. NFJ Investment Group LLC’s holdings in Teledyne Technologies were worth $6,190,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TDY. Hurley Capital LLC bought a new position in shares of Teledyne Technologies during the 4th quarter worth approximately $33,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Teledyne Technologies during the 3rd quarter valued at $39,000. Millstone Evans Group LLC purchased a new stake in shares of Teledyne Technologies in the fourth quarter worth about $42,000. Newbridge Financial Services Group Inc. purchased a new stake in Teledyne Technologies in the 4th quarter worth approximately $46,000. Finally, Tortoise Investment Management LLC boosted its stake in Teledyne Technologies by 63.2% during the fourth quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company’s stock valued at $58,000 after buying an additional 48 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $585.00 target price on shares of Teledyne Technologies in a research report on Wednesday, February 5th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Bank of America boosted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, March 17th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Buy” and a consensus target price of $548.00.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the sale, the insider now owns 51,324 shares of the company’s stock, valued at approximately $26,691,559.44. This trade represents a 6.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the transaction, the vice president now directly owns 4,962 shares of the company’s stock, valued at approximately $2,522,383.08. This trade represents a 53.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,571 shares of company stock valued at $17,709,721 in the last quarter. 1.50% of the stock is owned by insiders.

Teledyne Technologies Stock Down 1.5 %

Shares of NYSE:TDY opened at $461.39 on Thursday. 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 Incorporated has a 52-week low of $355.41 and a 52-week high of $522.50. The firm has a market capitalization of $21.61 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.14 and a beta of 1.03. The stock has a 50 day moving average price of $488.18 and a 200-day moving average price of $477.70.

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 the consensus estimate of $5.23 by $0.29. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.44 earnings per share. As a group, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

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.