Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 26.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,502 shares of the scientific and technical instruments company’s stock after selling 532 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Teledyne Technologies were worth $697,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. grew its holdings in shares of Teledyne Technologies by 4.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock valued at $232,000 after purchasing an additional 21 shares during the last quarter. Ironwood Investment Management LLC grew its holdings in Teledyne Technologies by 0.8% in the 4th quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company’s stock worth $1,335,000 after buying an additional 22 shares in the last quarter. New York Life Investment Management LLC grew its holdings in Teledyne Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company’s stock worth $2,884,000 after buying an additional 25 shares in the last quarter. Allworth Financial LP grew its holdings in Teledyne Technologies by 15.1% in the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock worth $105,000 after buying an additional 27 shares in the last quarter. Finally, Net Worth Advisory Group grew its holdings in Teledyne Technologies by 1.5% in the 4th quarter. Net Worth Advisory Group now owns 1,802 shares of the scientific and technical instruments company’s stock worth $836,000 after buying an additional 27 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 2,699 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $510.03, for a total transaction of $1,376,570.97. Following the transaction, the executive vice president now owns 27,235 shares in the company, valued at $13,890,667.05. This trade represents a 9.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the sale, the insider now directly owns 51,324 shares of the company’s stock, valued at $26,691,559.44. This represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,880 shares of company stock valued at $9,212,200. 1.50% of the stock is owned by corporate insiders.

Teledyne Technologies Trading Up 1.1 %

NYSE:TDY opened at $463.84 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. Teledyne Technologies Incorporated has a fifty-two week low of $375.94 and a fifty-two week high of $522.50. The stock’s 50-day moving average is $481.55 and its two-hundred day moving average is $479.10. The stock has a market cap of $21.73 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.92 by $0.03. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.55 EPS. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

TDY has been the subject of a number of research reports. TD Securities reaffirmed a “buy” rating and set a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Needham & Company LLC lowered their target price on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Bank of America boosted their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $542.50.

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.