Diversify Advisory Services LLC Sells 488 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Diversify Advisory Services LLC reduced its position in Teledyne Technologies Incorporated (NYSE:TDY) by 48.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 514 shares of the scientific and technical instruments company’s stock after selling 488 shares during the quarter. Diversify Advisory Services LLC’s holdings in Teledyne Technologies were worth $235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TDY. State Street Corp increased its stake in Teledyne Technologies by 1.9% in 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 acquiring an additional 37,884 shares during the last quarter. Janus Henderson Group PLC increased its stake 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 purchasing an additional 9,368 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Teledyne Technologies by 2.4% during 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 in the last quarter. JPMorgan Chase & Co. lifted its position 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 buying an additional 64,617 shares during the last quarter. Finally, Earnest Partners LLC boosted its stake in Teledyne Technologies by 3.5% in the second quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company’s stock valued at $154,665,000 after buying an additional 13,576 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TDY has been the subject of a number of research reports. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $450.00 to $550.00 in a report on Friday, November 8th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. UBS Group began 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. Needham & Company LLC boosted their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, TD Cowen increased their target price on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $531.00.

Insider Activity

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 1,500 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $488.71, for a total transaction of $733,065.00. Following the transaction, the insider now directly owns 2,900 shares in the company, valued at approximately $1,417,259. This represents a 34.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert Mehrabian sold 46,075 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the sale, the chairman now directly owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. This trade represents a 21.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,525 shares of company stock valued at $26,080,464. 2.14% of the stock is currently owned by insiders.

Teledyne Technologies Stock Up 0.7 %

Shares of NYSE:TDY opened at $515.10 on Friday. The firm has a market cap of $24.00 billion, a P/E ratio of 26.04, a P/E/G ratio of 3.00 and a beta of 1.01. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $518.85. The business has a fifty day simple moving average of $472.07 and a 200 day simple moving average of $445.49. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1,451,400 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $5.44 earnings per share. Analysts predict that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current 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.