Wells Fargo & Company MN Has $120.25 Million Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Wells Fargo & Company MN increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.3% in the 4th quarter, HoldingsChannel reports. The firm owned 259,096 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,826 shares during the quarter. Wells Fargo & Company MN’s holdings in Teledyne Technologies were worth $120,254,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. boosted its position in shares of Teledyne Technologies by 4.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock worth $232,000 after acquiring an additional 21 shares in the last quarter. Ironwood Investment Management LLC boosted its holdings in shares of Teledyne Technologies by 0.8% in the 4th quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company’s stock valued at $1,335,000 after purchasing an additional 22 shares in the last quarter. New York Life Investment Management LLC increased its stake in shares of Teledyne Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company’s stock valued at $2,884,000 after purchasing an additional 25 shares during the last quarter. Allworth Financial LP increased its stake in shares of Teledyne Technologies by 15.1% in the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock valued at $105,000 after purchasing an additional 27 shares during the last quarter. Finally, Net Worth Advisory Group lifted its position in shares of Teledyne Technologies by 1.5% during the 4th quarter. Net Worth Advisory Group now owns 1,802 shares of the scientific and technical instruments company’s stock worth $836,000 after buying an additional 27 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 4,962 shares of the company’s stock, valued at approximately $2,522,383.08. This represents a 53.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the transaction, the executive vice president now owns 26,529 shares in the company, valued at $13,794,018.84. This trade represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,571 shares of company stock valued at $17,709,721. Company insiders own 1.50% of the company’s stock.

Teledyne Technologies Stock Down 7.5 %

NYSE:TDY opened at $436.32 on Monday. 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 one year low of $355.41 and a one year high of $522.50. The firm’s 50 day simple moving average is $499.21 and its 200 day simple moving average is $477.07. The company has a market cap of $20.44 billion, a PE ratio of 25.32, a P/E/G ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results 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. The company 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 revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.44 earnings per share. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TDY shares. UBS Group started coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price on the stock. Bank of America lifted their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a report on Monday, March 17th. StockNews.com downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $585.00 target price on shares of Teledyne Technologies in a research note on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Teledyne Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $548.00.

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.