Earnest Partners LLC reduced its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,965 shares of the scientific and technical instruments company’s stock after selling 22,447 shares during the period. Teledyne Technologies makes up 1.1% of Earnest Partners LLC’s portfolio, making the stock its 24th biggest holding. Earnest Partners LLC owned about 1.72% of Teledyne Technologies worth $110,314,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Teledyne Technologies in the fourth quarter worth $101,000. Advisor Group Inc. grew its position in Teledyne Technologies by 41.6% in the fourth quarter. Advisor Group Inc. now owns 1,075 shares of the scientific and technical instruments company’s stock worth $195,000 after acquiring an additional 316 shares in the last quarter. Kovack Advisors Inc. purchased a new position in Teledyne Technologies in the fourth quarter worth $213,000. Zions Bancorporation purchased a new position in Teledyne Technologies in the third quarter worth $220,000. Finally, CIBC Asset Management Inc purchased a new position in Teledyne Technologies in the fourth quarter worth $220,000. Institutional investors own 85.03% of the company’s stock.
Teledyne Technologies Incorporated (TDY) opened at $194.28 on Monday. Teledyne Technologies Incorporated has a 1 year low of $121.58 and a 1 year high of $201.40. The stock has a market cap of $6,935.12, a price-to-earnings ratio of 28.12, a P/E/G ratio of 3.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.87 and a quick ratio of 1.13.
Several research analysts recently issued reports on TDY shares. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 5th. ValuEngine lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Needham & Company LLC upped their target price on shares of Teledyne Technologies to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $196.00.
In other Teledyne Technologies news, Director Simon M. Lorne sold 4,958 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $181.64, for a total value of $900,571.12. Following the completion of the sale, the director now directly owns 30,297 shares of the company’s stock, valued at $5,503,147.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert Mehrabian sold 35,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $192.92, for a total transaction of $6,752,200.00. Following the completion of the sale, the chairman now directly owns 284,072 shares of the company’s stock, valued at $54,803,170.24. The disclosure for this sale can be found here. Insiders sold 53,452 shares of company stock valued at $10,162,286 over the last three months. 3.73% of the stock is currently owned by insiders.
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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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