Allworth Financial LP Sells 26 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Allworth Financial LP trimmed its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 20.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103 shares of the scientific and technical instruments company’s stock after selling 26 shares during the period. Allworth Financial LP’s holdings in Teledyne Technologies were worth $46,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new position in Teledyne Technologies during the fourth quarter valued at $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in Teledyne Technologies during the third quarter valued at $28,000. Benjamin Edwards Inc. grew its stake in Teledyne Technologies by 137.9% during the second 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. CVA Family Office LLC purchased a new position in Teledyne Technologies during the fourth quarter valued at $31,000. Finally, Anchor Investment Management LLC purchased a new position in Teledyne Technologies during the fourth quarter valued at $45,000. 91.58% of the stock is currently owned by institutional investors.

Insider Activity at Teledyne Technologies

In related news, Director Michael T. Smith sold 511 shares of Teledyne Technologies stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total transaction of $220,241.00. Following the completion of the sale, the director now owns 56,492 shares in the company, valued at approximately $24,348,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Michael T. Smith sold 511 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total value of $220,241.00. Following the completion of the sale, the director now owns 56,492 shares in the company, valued at approximately $24,348,052. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Simon M. Lorne sold 2,200 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the sale, the director now owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The disclosure for this sale can be found here. Insiders sold 6,711 shares of company stock worth $2,890,621 in the last 90 days. 2.14% of the stock is owned by corporate insiders.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $398.48 on Friday. Teledyne Technologies Incorporated has a 12-month low of $364.98 and a 12-month high of $448.19. The firm has a 50-day moving average price of $423.85 and a 200-day moving average price of $415.25. The firm has a market capitalization of $18.88 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 2.60 and a beta of 1.02. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.29.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share for the quarter, beating 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 company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business posted $4.94 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 20.56 EPS for the current year.

Wall Street Analyst Weigh In

TDY has been the subject of a number of recent research reports. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Needham & Company LLC lowered their target price on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $515.67.

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.