AtonRa Partners Has $340,000 Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

AtonRa Partners trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY) by 14.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 762 shares of the scientific and technical instruments company’s stock after selling 129 shares during the period. AtonRa Partners’ holdings in Teledyne Technologies were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intrust Bank NA grew its holdings in Teledyne Technologies by 6.4% in the 4th quarter. Intrust Bank NA now owns 992 shares of the scientific and technical instruments company’s stock valued at $443,000 after buying an additional 60 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its holdings in Teledyne Technologies by 2.7% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 1,878 shares of the scientific and technical instruments company’s stock valued at $838,000 after buying an additional 49 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Teledyne Technologies by 27.8% in the 4th quarter. Russell Investments Group Ltd. now owns 18,138 shares of the scientific and technical instruments company’s stock valued at $8,083,000 after buying an additional 3,948 shares in the last quarter. Truist Financial Corp grew its holdings in Teledyne Technologies by 8.9% in the 4th quarter. Truist Financial Corp now owns 19,546 shares of the scientific and technical instruments company’s stock valued at $8,723,000 after buying an additional 1,601 shares in the last quarter. Finally, Sandhill Capital Partners LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at $21,037,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America lowered Teledyne Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $490.00 to $400.00 in a report on Friday. Needham & Company LLC decreased their price target on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, TD Cowen decreased their price target on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average price target of $470.83.

Teledyne Technologies Trading Up 2.2 %

TDY stock traded up $8.14 during mid-day trading on Monday, reaching $382.78. The company’s stock had a trading volume of 351,221 shares, compared to its average volume of 236,945. The company has a market cap of $18.14 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.02. The business’s 50 day moving average price is $416.42 and its 200 day moving average price is $414.43. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing the consensus estimate of $4.63 by ($0.08). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.53 EPS. On average, equities research analysts predict that Teledyne Technologies Incorporated will post 20.61 EPS for the current year.

Insiders Place Their Bets

In other news, Director Kenneth C. Dahlberg sold 4,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the transaction, the director now owns 18,735 shares of the company’s stock, valued at approximately $8,110,568.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $432.91, for a total value of $1,731,640.00. Following the transaction, the director now directly owns 18,735 shares in the company, valued at approximately $8,110,568.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the sale, the director now owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,711 shares of company stock valued at $2,890,621. Insiders own 1.88% of the company’s stock.

Teledyne Technologies 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.