Teledyne Technologies Incorporated (NYSE:TDY) Stake Lessened by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,919 shares of the scientific and technical instruments company’s stock after selling 394 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Teledyne Technologies were worth $6,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Stratos Wealth Partners LTD. increased its holdings 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 purchasing an additional 21 shares during the period. Ironwood Investment Management LLC grew 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 valued at $1,335,000 after purchasing an additional 22 shares in the last quarter. New York Life Investment Management LLC increased its stake in Teledyne Technologies by 0.4% in the 4th 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 Teledyne Technologies by 15.1% in the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock worth $105,000 after buying an additional 27 shares in the last quarter. Finally, Net Worth Advisory Group boosted its stake 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 valued at $836,000 after buying an additional 27 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Melanie Susan Cibik sold 706 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Cynthia Y. Belak sold 5,745 shares of the company’s stock in a transaction 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 transaction, the vice president now 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,571 shares of company stock valued at $17,709,721. Insiders own 1.50% of the company’s stock.

Teledyne Technologies Stock Up 0.5 %

TDY opened at $497.83 on Tuesday. The firm has a market cap of $23.32 billion, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. 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 business has a 50 day moving average price of $501.52 and a 200 day moving average price of $475.70. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50.

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

Analyst Ratings Changes

Several brokerages recently issued reports on TDY. Bank of America increased 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. UBS Group initiated 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. Finally, 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. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Buy” and an average price target of $548.00.

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.