Greenleaf Trust Lowers Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Greenleaf Trust lowered its position in Teledyne Technologies Incorporated (NYSE:TDY) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 785 shares of the scientific and technical instruments company’s stock after selling 33 shares during the period. Greenleaf Trust’s holdings in Teledyne Technologies were worth $350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TDY. Bruce G. Allen Investments LLC purchased a new stake in shares of Teledyne Technologies in the fourth quarter valued at about $28,000. CVA Family Office LLC purchased a new stake in shares of Teledyne Technologies in the fourth quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Teledyne Technologies in the third quarter valued at about $44,000. Anchor Investment Management LLC bought a new position in Teledyne Technologies during the fourth quarter valued at about $45,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its position in Teledyne Technologies by 63.2% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock valued at $49,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $407.04 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $19.29 billion, a PE ratio of 22.00, a P/E/G ratio of 2.60 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 50-day moving average price of $419.96 and a two-hundred day moving average price of $415.27.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.40. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the business earned $4.94 earnings per share. Equities analysts forecast that Teledyne Technologies Incorporated will post 20.56 EPS for the current year.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the 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 transaction, the director now owns 67,288 shares in the company, valued at $28,711,789.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the 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 transaction, the director now owns 67,288 shares in the company, valued at $28,711,789.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the completion of the transaction, the director now owns 18,735 shares of the company’s stock, valued at $8,110,568.85. The disclosure for this sale can be found here. Insiders sold 6,711 shares of company stock worth $2,890,621 over the last quarter. 1.88% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TDY has been the subject of several research reports. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Needham & Company LLC reduced 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 research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Buy” and a consensus 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.