Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,679 shares of the scientific and technical instruments company’s stock after selling 33 shares during the period. Gulf International Bank UK Ltd’s holdings in Teledyne Technologies were worth $1,707,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TDY. Brooklyn Investment Group acquired a new stake in Teledyne Technologies during the 3rd quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new stake in Teledyne Technologies during the 3rd quarter worth $39,000. Newbridge Financial Services Group Inc. acquired a new stake in Teledyne Technologies during the 4th quarter worth $46,000. Allworth Financial LP boosted its stake in Teledyne Technologies by 15.1% during the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock worth $105,000 after purchasing an additional 27 shares during the period. Finally, Salem Investment Counselors Inc. boosted its stake in Teledyne Technologies by 85.5% during the 4th quarter. Salem Investment Counselors Inc. now owns 230 shares of the scientific and technical instruments company’s stock worth $107,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 2.9 %

TDY stock opened at $515.60 on Friday. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The stock has a market capitalization of $24.15 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The company has a fifty day moving average of $488.76 and a 200-day moving average of $464.15.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating 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 firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business earned $5.44 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on TDY. Needham & Company LLC reiterated a “buy” rating and set a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, UBS Group assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $538.00.

Insider Activity at Teledyne Technologies

In related news, Director Michael T. Smith sold 2,025 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $478.25, for a total value of $968,456.25. Following the completion of the sale, the director now owns 54,935 shares in the company, valued at $26,272,663.75. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the completion of the sale, the vice president now owns 4,962 shares of the company’s stock, valued at $2,522,383.08. This trade represents a 53.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,190 shares of company stock worth $16,386,864 over the last 90 days. Company insiders own 1.88% of the company’s stock.

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.