Signaturefd LLC Decreases Position in Teledyne Technologies Incorporated (NYSE:TDY)

Signaturefd LLC decreased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 24.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 569 shares of the scientific and technical instruments company’s stock after selling 185 shares during the period. Signaturefd LLC’s holdings in Teledyne Technologies were worth $254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its stake in shares of Teledyne Technologies by 18.0% during the 3rd quarter. Barclays PLC now owns 99,504 shares of the scientific and technical instruments company’s stock worth $40,656,000 after acquiring an additional 15,169 shares during the period. First Citizens Bank & Trust Co. purchased a new position in shares of Teledyne Technologies in the fourth quarter worth about $2,325,000. Grandfield & Dodd LLC raised its position in shares of Teledyne Technologies by 11.2% in the fourth quarter. Grandfield & Dodd LLC now owns 30,894 shares of the scientific and technical instruments company’s stock valued at $13,788,000 after purchasing an additional 3,111 shares during the period. Metis Global Partners LLC lifted its stake in shares of Teledyne Technologies by 21.5% during the 3rd quarter. Metis Global Partners LLC now owns 1,715 shares of the scientific and technical instruments company’s stock valued at $701,000 after buying an additional 303 shares in the last quarter. Finally, WCM Investment Management LLC bought a new position in Teledyne Technologies in the 4th quarter worth approximately $934,000. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TDY shares. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America lowered Teledyne Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $490.00 to $400.00 in a report on Friday. TD Cowen lowered their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Needham & Company LLC decreased their target price on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $474.86.

Teledyne Technologies Stock Performance

Shares of TDY opened at $374.64 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $416.42 and a 200-day moving average price of $414.39. The company has a market cap of $17.75 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.63 by ($0.08). The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.53 earnings per share. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 19.35 earnings per share for the current fiscal year.

Insider Activity at Teledyne Technologies

In other news, Director Kenneth C. Dahlberg sold 4,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the transaction, the director now directly owns 18,735 shares in the company, valued at approximately $8,110,568.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the transaction, the director now directly owns 18,735 shares of the company’s stock, valued at $8,110,568.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael T. Smith sold 511 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total transaction of $220,241.00. Following the completion of the sale, the director now directly owns 56,492 shares of the company’s stock, valued at approximately $24,348,052. The disclosure for this sale can be found here. Insiders have sold a total of 6,711 shares of company stock valued at $2,890,621 over the last 90 days. 2.14% of the stock is owned by insiders.

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.