Xponance Inc. Has $2.88 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Xponance Inc. decreased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,209 shares of the scientific and technical instruments company’s stock after selling 255 shares during the quarter. Xponance Inc.’s holdings in Teledyne Technologies were worth $2,882,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TDY. Brooklyn Investment Group acquired a new stake in shares of Teledyne Technologies during the 3rd quarter worth approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Teledyne Technologies during the 3rd quarter worth approximately $39,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth approximately $46,000. Tortoise Investment Management LLC grew its position in shares of Teledyne Technologies by 63.2% during the 4th quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company’s stock worth $58,000 after buying an additional 48 shares during the period. Finally, Private Trust Co. NA grew its position in shares of Teledyne Technologies by 43.0% during the 4th quarter. Private Trust Co. NA now owns 173 shares of the scientific and technical instruments company’s stock worth $80,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 0.7 %

Teledyne Technologies stock opened at $502.73 on Friday. The stock has a market capitalization of $23.55 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $497.26 and a 200-day moving average of $471.72.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.23 by $0.29. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.44 earnings per share. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Bank of America boosted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a report on Monday, March 17th. Needham & Company LLC restated a “buy” rating and set a $585.00 price objective on shares of Teledyne Technologies in a report on Wednesday, February 5th. Finally, UBS Group assumed coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective for the company. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies currently has an average rating of “Buy” and a consensus price target of $548.00.

Insider Activity

In other news, Director Michael T. Smith sold 2,100 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $510.50, for a total value of $1,072,050.00. Following the sale, the director now owns 52,835 shares of the company’s stock, valued at $26,972,267.50. The trade was a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Melanie Susan Cibik sold 706 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the sale, the executive vice president now directly owns 26,529 shares in the company, valued at approximately $13,794,018.84. This represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,571 shares of company stock worth $17,709,721 over the last quarter. 2.14% of the stock is currently owned by company insiders.

About Teledyne Technologies

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.