Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,808 shares of the scientific and technical instruments company’s stock after selling 88 shares during the quarter. Sanctuary Advisors LLC’s holdings in Teledyne Technologies were worth $6,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Teledyne Technologies during the third quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new position in Teledyne Technologies in the third quarter worth approximately $39,000. Newbridge Financial Services Group Inc. bought a new position in shares of Teledyne Technologies in the fourth quarter valued at $46,000. Exchange Traded Concepts LLC lifted its position in shares of Teledyne Technologies by 432.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock valued at $58,000 after acquiring an additional 108 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Teledyne Technologies by 15.1% during the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock worth $105,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TDY shares. TD Cowen upped their target price on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 24th. UBS Group assumed coverage on Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective on the stock. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $585.00 price target on shares of Teledyne Technologies in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $538.00.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, COO George C. Bobb III sold 6,308 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the sale, the chief operating officer now directly owns 10,482 shares of the company’s stock, valued at $5,322,445.14. The trade was a 37.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Robert Mehrabian sold 5,007 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $510.33, for a total value of $2,555,222.31. Following the transaction, the chairman now owns 144,553 shares in the company, valued at approximately $73,769,732.49. This trade represents a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,190 shares of company stock valued at $16,386,864. 1.88% of the stock is owned by insiders.

Teledyne Technologies Trading Up 1.0 %

Shares of NYSE TDY opened at $502.03 on Thursday. The firm has a market capitalization of $23.39 billion, a PE ratio of 29.14, a PEG ratio of 3.07 and a beta of 1.03. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $484.46 and a two-hundred day moving average price of $459.91.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates of $5.23 by $0.29. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm posted $5.44 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

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.