Sentry Investment Management LLC Trims Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Sentry Investment Management LLC decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247 shares of the scientific and technical instruments company’s stock after selling 26 shares during the quarter. Sentry Investment Management LLC’s holdings in Teledyne Technologies were worth $110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bruce G. Allen Investments LLC acquired a new position in Teledyne Technologies during the fourth quarter worth approximately $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Teledyne Technologies during the 3rd quarter worth $28,000. Benjamin Edwards Inc. raised its position 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 worth $28,000 after buying an additional 40 shares during the period. CVA Family Office LLC acquired a new position in Teledyne Technologies in the fourth quarter valued at $31,000. Finally, Anchor Investment Management LLC purchased a new stake in Teledyne Technologies during the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TDY shares. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Needham & Company LLC decreased their price target on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies has a consensus rating of “Buy” and an average target price of $515.67.

Insider Buying and Selling

In other news, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the transaction, the director now owns 67,288 shares in the company, valued at approximately $28,711,789.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the sale, the director now owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the 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 completion of the transaction, the director now directly owns 18,735 shares of the company’s stock, valued at $8,110,568.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,711 shares of company stock worth $2,890,621. Corporate insiders own 1.88% of the company’s stock.

Teledyne Technologies Price Performance

Shares of TDY stock opened at $400.27 on Thursday. The firm has a fifty day simple moving average of $422.58 and a 200-day simple moving average of $415.20. The company has a market capitalization of $18.97 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. Teledyne Technologies Incorporated has a twelve month low of $364.98 and a twelve month high of $448.19. 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 posted 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. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $4.94 EPS. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 20.56 earnings per share for the current fiscal year.

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.