Valicenti Advisory Services Inc. Has $3.41 Million Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Valicenti Advisory Services Inc. decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,346 shares of the scientific and technical instruments company’s stock after selling 60 shares during the period. Valicenti Advisory Services Inc.’s holdings in Teledyne Technologies were worth $3,409,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TDY. Forsta AP Fonden raised its stake in Teledyne Technologies by 8.5% in the 4th quarter. Forsta AP Fonden now owns 8,900 shares of the scientific and technical instruments company’s stock valued at $4,131,000 after acquiring an additional 700 shares during the period. Nvest Financial LLC increased its holdings in shares of Teledyne Technologies by 10.0% in the fourth quarter. Nvest Financial LLC now owns 1,425 shares of the scientific and technical instruments company’s stock valued at $661,000 after purchasing an additional 129 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Teledyne Technologies by 50.0% in the fourth quarter. Pacer Advisors Inc. now owns 5,311 shares of the scientific and technical instruments company’s stock valued at $2,465,000 after purchasing an additional 1,770 shares during the period. KBC Group NV lifted its stake in shares of Teledyne Technologies by 9.9% during the 4th quarter. KBC Group NV now owns 11,138 shares of the scientific and technical instruments company’s stock worth $5,170,000 after buying an additional 1,003 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Teledyne Technologies by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,621 shares of the scientific and technical instruments company’s stock worth $709,000 after buying an additional 174 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of Teledyne Technologies stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $487.33, for a total value of $22,453,729.75. Following the transaction, the chairman now owns 171,802 shares in the company, valued at $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael T. Smith sold 2,025 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the completion of the transaction, the director now directly owns 54,935 shares of the company’s stock, valued at $26,272,663.75. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,116 shares of company stock worth $33,505,935 over the last three months. Corporate insiders own 2.14% of the company’s stock.

Teledyne Technologies Stock Performance

TDY opened at $509.68 on Wednesday. The firm has a market cap of $23.75 billion, a P/E ratio of 29.55, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. The business’s fifty day moving average is $475.48 and its 200-day moving average is $449.37. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $518.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.33.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.23 by $0.29. The firm 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%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $5.44 EPS. Sell-side analysts expect that Teledyne Technologies Incorporated will post 21.3 EPS for the current fiscal 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.