Mutual of America Capital Management LLC Sells 155 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Mutual of America Capital Management LLC lowered its position in shares of Teledyne Technologies Incorporated (NYSE:TDYFree Report) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,314 shares of the scientific and technical instruments company’s stock after selling 155 shares during the period. Mutual of America Capital Management LLC’s holdings in Teledyne Technologies were worth $5,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TDY. Kistler Tiffany Companies LLC bought a new stake in shares of Teledyne Technologies during the 2nd quarter worth $25,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in Teledyne Technologies during the third quarter valued at $28,000. Benjamin Edwards Inc. increased its stake in shares of Teledyne Technologies by 137.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 69 shares of the scientific and technical instruments company’s stock valued at $28,000 after acquiring an additional 40 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Teledyne Technologies by 32.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the scientific and technical instruments company’s stock worth $47,000 after buying an additional 28 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in Teledyne Technologies in the 2nd quarter valued at $48,000. Institutional investors own 87.57% of the company’s stock.

Teledyne Technologies Trading Up 0.8 %

NYSE TDY opened at $434.03 on Monday. The firm has a market capitalization of $20.48 billion, a PE ratio of 23.46, a P/E/G ratio of 2.80 and a beta of 1.03. The stock’s 50 day moving average is $429.97 and its 200 day moving average is $409.24. Teledyne Technologies Incorporated has a twelve month low of $364.98 and a twelve month high of $448.71. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29.

Teledyne Technologies (NYSE:TDYGet Free Report) last released its earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.40. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm earned $4.94 EPS. The company’s revenue was up .5% compared to the same quarter last year. Research analysts forecast that Teledyne Technologies Incorporated will post 20.51 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Kenneth C. Dahlberg sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total value of $1,731,640.00. Following the sale, the director now owns 18,735 shares in the company, valued at approximately $8,110,568.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Kenneth C. Dahlberg sold 4,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $432.91, for a total value of $1,731,640.00. Following the transaction, the director now owns 18,735 shares in the company, valued at approximately $8,110,568.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Cynthia Y. Belak sold 5,389 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $409.52, for a total transaction of $2,206,903.28. Following the sale, the vice president now owns 4,991 shares of the company’s stock, valued at $2,043,914.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,277 shares of company stock worth $31,130,219. Insiders own 2.14% of the company’s stock.

Wall Street Analyst Weigh In

TDY has been the topic of several recent analyst reports. Needham & Company LLC dropped their price objective on Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Five analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies currently has an average rating of “Buy” and a consensus price target of $515.67.

Get Our Latest Report on TDY

Teledyne Technologies Company Profile

(Free Report)

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, France, 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.

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

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