Teledyne Technologies Incorporated (NYSE:TDY) Stock Holdings Lessened by Kestra Advisory Services LLC

Kestra Advisory Services LLC reduced its holdings in Teledyne Technologies Incorporated (NYSE:TDYGet Rating) by 31.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,233 shares of the scientific and technical instruments company’s stock after selling 1,983 shares during the quarter. Kestra Advisory Services LLC’s holdings in Teledyne Technologies were worth $1,428,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Teledyne Technologies by 7.6% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 381 shares of the scientific and technical instruments company’s stock worth $129,000 after acquiring an additional 27 shares during the period. Federated Hermes Inc. increased its holdings in shares of Teledyne Technologies by 7.5% in the 1st quarter. Federated Hermes Inc. now owns 431 shares of the scientific and technical instruments company’s stock worth $204,000 after acquiring an additional 30 shares during the period. Occidental Asset Management LLC increased its stake in Teledyne Technologies by 6.4% during the 2nd quarter. Occidental Asset Management LLC now owns 532 shares of the scientific and technical instruments company’s stock valued at $200,000 after buying an additional 32 shares during the period. Laurel Wealth Advisors Inc. increased its stake in Teledyne Technologies by 5.2% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 866 shares of the scientific and technical instruments company’s stock valued at $325,000 after buying an additional 43 shares during the period. Finally, Prudential PLC increased its stake in Teledyne Technologies by 5.2% during the 2nd quarter. Prudential PLC now owns 936 shares of the scientific and technical instruments company’s stock valued at $351,000 after buying an additional 46 shares during the period. 91.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TDY has been the subject of several research reports. StockNews.com initiated coverage on shares of Teledyne Technologies in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Credit Suisse Group initiated coverage on shares of Teledyne Technologies in a research report on Monday, December 12th. They set an “outperform” rating and a $503.00 price objective for the company. Finally, Morgan Stanley upgraded shares of Teledyne Technologies from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $445.00 to $488.00 in a research report on Monday, December 12th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $487.67.

Teledyne Technologies Stock Performance

Shares of TDY opened at $407.78 on Tuesday. Teledyne Technologies Incorporated has a one year low of $325.00 and a one year high of $493.97. The company has a 50-day moving average of $408.37 and a two-hundred day moving average of $388.35. The stock has a market cap of $19.11 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.78 and a quick ratio of 1.19.

Teledyne Technologies (NYSE:TDYGet Rating) last announced its earnings results on Wednesday, October 26th. The scientific and technical instruments company reported $4.54 EPS for the quarter, topping the consensus estimate of $4.30 by $0.24. Teledyne Technologies had a net margin of 13.37% and a return on equity of 10.95%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. On average, equities research analysts expect that Teledyne Technologies Incorporated will post 17.77 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Sue Main sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $420.03, for a total transaction of $3,780,270.00. Following the completion of the sale, the chief financial officer now directly owns 39,349 shares in the company, valued at $16,527,760.47. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Cynthia Y. Belak sold 5,046 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $412.05, for a total transaction of $2,079,204.30. Following the transaction, the vice president now owns 4,457 shares of the company’s stock, valued at $1,836,506.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sue Main sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $420.03, for a total transaction of $3,780,270.00. Following the transaction, the chief financial officer now directly owns 39,349 shares in the company, valued at approximately $16,527,760.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,505 shares of company stock worth $8,156,036. 2.60% of the stock is owned by company insiders.

About Teledyne Technologies

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Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.

See Also

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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