EntryPoint Capital LLC Sells 425 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

EntryPoint Capital LLC lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 37.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 695 shares of the scientific and technical instruments company’s stock after selling 425 shares during the quarter. EntryPoint Capital LLC’s holdings in Teledyne Technologies were worth $323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TDY. Vanguard Group Inc. boosted its position in Teledyne Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,612,484 shares of the scientific and technical instruments company’s stock valued at $2,604,922,000 after purchasing an additional 46,479 shares in the last quarter. State Street Corp lifted its position in shares of Teledyne Technologies by 1.9% during the third quarter. State Street Corp now owns 2,040,896 shares of the scientific and technical instruments company’s stock valued at $893,219,000 after buying an additional 37,884 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Teledyne Technologies by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,709,475 shares of the scientific and technical instruments company’s stock valued at $748,167,000 after buying an additional 9,368 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Teledyne Technologies by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,192,019 shares of the scientific and technical instruments company’s stock worth $520,335,000 after buying an additional 28,224 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Teledyne Technologies by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after acquiring an additional 64,617 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

NYSE TDY opened at $507.00 on Friday. The company has a market cap of $23.75 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The stock’s fifty day moving average price is $500.60 and its 200 day moving average price is $474.04. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $522.50.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, beating analysts’ consensus estimates of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business 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 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Analysts Set New Price Targets

TDY has been the subject of several recent analyst reports. Bank of America raised their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Needham & Company LLC restated a “buy” rating and set a $585.00 target price on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Finally, UBS Group assumed coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $548.00.

Insiders Place Their Bets

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction dated 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 approximately $13,794,018.84. This trade represents a 2.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the transaction, the insider now owns 51,324 shares of the company’s stock, valued at approximately $26,691,559.44. This represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,571 shares of company stock valued at $17,709,721. 1.50% 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.