Teledyne Technologies Incorporated (NYSE:TDY) was the target of a large decrease in short interest in October. As of October 13th, there was short interest totalling 409,454 shares, a decrease of 31.0% from the September 29th total of 593,188 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 107,058 shares, the short-interest ratio is currently 3.8 days.

TDY has been the topic of several analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $145.00 target price (up previously from $140.00) on shares of Teledyne Technologies in a research report on Friday, July 14th. Needham & Company LLC raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Wednesday, July 5th. ValuEngine raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Zacks Investment Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Teledyne Technologies has an average rating of “Hold” and an average target price of $157.67.

In other news, VP Melanie Susan Cibik sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $146.20, for a total transaction of $584,800.00. Following the transaction, the vice president now owns 26,280 shares of the company’s stock, valued at approximately $3,842,136. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jason Vanwees sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $147.07, for a total value of $882,420.00. Following the transaction, the senior vice president now directly owns 35,159 shares in the company, valued at approximately $5,170,834.13. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock worth $2,060,420 over the last ninety days. Insiders own 3.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TDY. UBS Asset Management Americas Inc. lifted its position in Teledyne Technologies by 25.0% during the first quarter. UBS Asset Management Americas Inc. now owns 20,443 shares of the scientific and technical instruments company’s stock worth $2,585,000 after buying an additional 4,087 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Teledyne Technologies by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 1,188 shares of the scientific and technical instruments company’s stock worth $149,000 after buying an additional 29 shares in the last quarter. OppenheimerFunds Inc. lifted its position in Teledyne Technologies by 25.3% during the first quarter. OppenheimerFunds Inc. now owns 4,695 shares of the scientific and technical instruments company’s stock worth $594,000 after buying an additional 947 shares in the last quarter. Teachers Advisors LLC lifted its position in Teledyne Technologies by 6.2% during the first quarter. Teachers Advisors LLC now owns 59,732 shares of the scientific and technical instruments company’s stock worth $7,554,000 after buying an additional 3,464 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in Teledyne Technologies by 10.3% during the first quarter. Thrivent Financial For Lutherans now owns 6,630 shares of the scientific and technical instruments company’s stock worth $838,000 after buying an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 82.86% of the company’s stock.

Teledyne Technologies (TDY) opened at 169.96 on Wednesday. The company has a market cap of $6.01 billion, a P/E ratio of 31.33 and a beta of 0.98. Teledyne Technologies has a 52-week low of $102.78 and a 52-week high of $170.26. The stock’s 50 day moving average price is $162.27 and its 200 day moving average price is $142.57.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.49. Teledyne Technologies had a return on equity of 13.80% and a net margin of 8.44%. The firm had revenue of $671.10 million for the quarter, compared to the consensus estimate of $636.18 million. During the same quarter last year, the business posted $1.32 earnings per share. The firm’s revenue was up 24.3% compared to the same quarter last year. Analysts expect that Teledyne Technologies will post $5.69 earnings per share for the current year.

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About Teledyne Technologies

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

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