Swiss National Bank Sells 8,600 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Swiss National Bank reduced its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 6.1% during the 4th quarter, HoldingsChannel reports. The fund owned 132,218 shares of the scientific and technical instruments company’s stock after selling 8,600 shares during the quarter. Swiss National Bank’s holdings in Teledyne Technologies were worth $61,366,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDY. State Street Corp lifted its holdings in shares of Teledyne Technologies by 1.9% in the third quarter. State Street Corp now owns 2,040,896 shares of the scientific and technical instruments company’s stock valued at $893,219,000 after purchasing an additional 37,884 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Teledyne Technologies by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,709,475 shares of the scientific and technical instruments company’s stock valued at $748,167,000 after acquiring an additional 9,368 shares during the period. Geode Capital Management LLC grew its holdings in Teledyne Technologies by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,192,019 shares of the scientific and technical instruments company’s stock worth $520,335,000 after purchasing an additional 28,224 shares during the period. JPMorgan Chase & Co. increased its holdings 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Teledyne Technologies by 10.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 318,712 shares of the scientific and technical instruments company’s stock valued at $145,974,000 after purchasing an additional 30,157 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the completion of the transaction, the insider now owns 51,324 shares of the company’s stock, valued at approximately $26,691,559.44. The trade was a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert Mehrabian sold 5,768 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $518.22, for a total transaction of $2,989,092.96. Following the completion of the sale, the chairman now owns 144,553 shares in the company, valued at approximately $74,910,255.66. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,571 shares of company stock valued at $17,709,721 over the last three months. 2.14% of the stock is owned by insiders.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $491.72 on Friday. The stock has a market capitalization of $23.03 billion, a PE ratio of 28.54, a P/E/G ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $522.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The business has a fifty day moving average price of $493.19 and a two-hundred day moving average price of $469.56.

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 for the quarter, topping the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the business posted $5.44 earnings per share. Teledyne Technologies’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on TDY shares. UBS Group initiated coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $585.00 price objective on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $538.00.

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.