Teledyne Technologies Incorporated (NYSE:TDY) Position Trimmed by Blue Barn Wealth LLC

Blue Barn Wealth LLC cut its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 662 shares of the scientific and technical instruments company’s stock after selling 23 shares during the period. Blue Barn Wealth LLC’s holdings in Teledyne Technologies were worth $307,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Inceptionr LLC acquired a new stake in shares of Teledyne Technologies in the fourth quarter worth $648,000. Raymond James Financial Inc. acquired a new position in Teledyne Technologies during the 4th quarter worth $53,304,000. Proficio Capital Partners LLC bought a new stake in shares of Teledyne Technologies during the fourth quarter worth $29,081,000. Atria Investments Inc boosted its stake in Teledyne Technologies by 3.9% in the fourth quarter. Atria Investments Inc now owns 15,864 shares of the scientific and technical instruments company’s stock valued at $7,363,000 after acquiring an additional 593 shares during the last quarter. Finally, Keybank National Association OH grew its holdings in shares of Teledyne Technologies by 4.0% in the 4th quarter. Keybank National Association OH now owns 1,803 shares of the scientific and technical instruments company’s stock valued at $837,000 after buying an additional 69 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Stock Up 0.9 %

TDY stock opened at $497.38 on Thursday. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $522.50. The stock has a fifty day moving average of $490.40 and a 200-day moving average of $466.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The company has a market capitalization of $23.29 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 3.14 and a beta of 1.03.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on TDY shares. UBS Group started coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Finally, Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $450.00 to $550.00 in a research report on Friday, November 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $538.00.

Insider Activity at Teledyne Technologies

In other news, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total transaction of $367,091.76. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael T. Smith sold 2,025 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $478.25, for a total transaction of $968,456.25. Following the sale, the director now directly owns 54,935 shares in the company, valued at approximately $26,272,663.75. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,596 shares of company stock valued at $18,678,177. 2.14% of the stock is owned by insiders.

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.