FORA Capital LLC Sells 3,151 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

FORA Capital LLC lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 46.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,635 shares of the scientific and technical instruments company’s stock after selling 3,151 shares during the period. FORA Capital LLC’s holdings in Teledyne Technologies were worth $1,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TDY. O Shaughnessy Asset Management LLC boosted its holdings in shares of Teledyne Technologies by 21.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 767 shares of the scientific and technical instruments company’s stock valued at $329,000 after purchasing an additional 133 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in shares of Teledyne Technologies by 14.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 5,951 shares of the scientific and technical instruments company’s stock valued at $2,555,000 after purchasing an additional 744 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Teledyne Technologies by 1.2% in the 1st quarter. California State Teachers Retirement System now owns 75,567 shares of the scientific and technical instruments company’s stock valued at $32,442,000 after acquiring an additional 919 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Teledyne Technologies by 131.5% in the 1st quarter. Tidal Investments LLC now owns 3,737 shares of the scientific and technical instruments company’s stock valued at $1,604,000 after acquiring an additional 2,123 shares during the last quarter. Finally, Swedbank AB bought a new position in shares of Teledyne Technologies in the 1st quarter valued at about $6,953,000. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Needham & Company LLC increased their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. TD Cowen increased 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. Finally, Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $450.00 to $550.00 in a report on Friday, November 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $517.50.

Insiders Place Their Bets

In other news, Chairman Robert Mehrabian sold 3,925 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the transaction, the chairman now directly owns 171,802 shares of the company’s stock, valued at approximately $84,268,881. This trade represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.88% of the stock is owned by insiders.

Teledyne Technologies Stock Up 1.4 %

Shares of NYSE TDY opened at $485.68 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The company has a market cap of $22.63 billion, a P/E ratio of 24.55, a PEG ratio of 3.31 and a beta of 1.01. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $492.00. The firm has a 50-day simple moving average of $458.07 and a two-hundred day simple moving average of $423.61.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.13. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $5.05 earnings per share. Research analysts anticipate that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current year.

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.