Physician Wealth Advisors Inc. Has $827,000 Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Physician Wealth Advisors Inc. lessened its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,782 shares of the scientific and technical instruments company’s stock after selling 32 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Teledyne Technologies were worth $827,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Stratos Wealth Partners LTD. grew its position in shares of Teledyne Technologies by 4.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock valued at $232,000 after acquiring an additional 21 shares during the period. Ironwood Investment Management LLC increased its position in Teledyne Technologies by 0.8% during the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company’s stock worth $1,335,000 after buying an additional 22 shares during the last quarter. New York Life Investment Management LLC raised its stake in Teledyne Technologies by 0.4% in the fourth 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 buying an additional 25 shares during the period. Allworth Financial LP lifted its position in shares of Teledyne Technologies by 15.1% in the fourth quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock valued at $105,000 after buying an additional 27 shares during the last quarter. Finally, Net Worth Advisory Group increased its holdings 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 acquiring an additional 27 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $585.00 price objective on shares of Teledyne Technologies in a research report on Wednesday, February 5th. UBS Group initiated coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target on the stock. Finally, Bank of America boosted their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies has an average rating of “Buy” and a consensus target price of $548.00.

Insider Buying and Selling at Teledyne Technologies

In related news, COO George C. Bobb III sold 6,308 shares of Teledyne Technologies stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the sale, the chief operating officer now directly owns 10,482 shares of the company’s stock, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the vice president now directly owns 4,962 shares of the company’s stock, valued at approximately $2,522,383.08. The trade was a 53.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,571 shares of company stock valued at $17,709,721. 1.50% of the stock is currently owned by corporate insiders.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $494.78 on Friday. The stock has a market capitalization of $23.17 billion, a PE ratio of 28.72, a P/E/G ratio of 3.14 and a beta of 1.03. The business has a fifty day moving average price of $501.03 and a two-hundred day moving average price of $474.86. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $522.50. 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 (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. 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 analyst estimates of $1.45 billion. During the same period last year, the firm earned $5.44 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share 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.