Teledyne Technologies Incorporated (NYSE:TDY) Stock Holdings Lessened by Defender Capital LLC.

Defender Capital LLC. lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,101 shares of the scientific and technical instruments company’s stock after selling 1,515 shares during the quarter. Teledyne Technologies comprises approximately 6.2% of Defender Capital LLC.’s portfolio, making the stock its 8th biggest position. Defender Capital LLC. owned about 0.08% of Teledyne Technologies worth $16,756,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TDY. Covea Finance boosted its holdings in Teledyne Technologies by 25.1% during the fourth quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company’s stock worth $9,932,000 after buying an additional 4,300 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 64,617 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of Teledyne Technologies by 240.5% in the 3rd quarter. Verition Fund Management LLC now owns 36,524 shares of the scientific and technical instruments company’s stock worth $15,985,000 after acquiring an additional 25,796 shares during the period. West Oak Capital LLC increased its stake in Teledyne Technologies by 4,721.8% in the 4th quarter. West Oak Capital LLC now owns 11,283 shares of the scientific and technical instruments company’s stock valued at $5,237,000 after purchasing an additional 11,049 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in Teledyne Technologies by 217.5% during the third quarter. National Bank of Canada FI now owns 53,819 shares of the scientific and technical instruments company’s stock worth $23,554,000 after purchasing an additional 36,867 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 0.1 %

Shares of NYSE TDY opened at $508.81 on Thursday. The firm’s 50 day moving average price is $476.25 and its 200 day moving average price is $449.79. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.33. The firm has a market cap of $23.71 billion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $518.85.

Teledyne Technologies (NYSE:TDY) last posted 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 the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the firm earned $5.44 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.3 earnings per share for the current year.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 1,500 shares of Teledyne Technologies stock in a transaction that occurred on Friday, November 8th. The shares were 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 of the company’s stock, valued at $1,417,259. The trade was a 34.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Robert Mehrabian sold 46,075 shares of the business’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 owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. This represents a 21.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,915 shares of company stock worth $35,954,556 in the last three months. Company insiders own 2.14% of the company’s stock.

Wall Street Analyst Weigh In

TDY has been the subject of a number of research analyst reports. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $450.00 to $550.00 in a research report on Friday, November 8th. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen upped their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 24th. UBS Group began coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective for the company. Finally, Needham & Company LLC upped their target price on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies has a consensus rating of “Buy” and a consensus price target of $531.00.

Teledyne Technologies 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.