Fisher Asset Management LLC lowered its position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) by 91.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,519 shares of the scientific and technical instruments company’s stock after selling 56,380 shares during the period. Fisher Asset Management LLC’s holdings in Teledyne Technologies were worth $2,207,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Accurate Wealth Management LLC purchased a new position in shares of Teledyne Technologies during the 4th quarter worth $28,000. FourThought Financial LLC raised its position in shares of Teledyne Technologies by 53.8% during the 3rd quarter. FourThought Financial LLC now owns 140 shares of the scientific and technical instruments company’s stock valued at $47,000 after purchasing an additional 49 shares during the period. Standard Family Office LLC bought a new stake in shares of Teledyne Technologies during the 3rd quarter valued at $49,000. NuWave Investment Management LLC bought a new stake in Teledyne Technologies in the 3rd quarter valued at $54,000. Finally, Wipfli Financial Advisors LLC bought a new stake in Teledyne Technologies in the 3rd quarter valued at $58,000. Institutional investors own 91.10% of the company’s stock.
Teledyne Technologies Price Performance
TDY stock opened at $410.99 on Friday. Teledyne Technologies Incorporated has a 12 month low of $325.00 and a 12 month high of $460.18. The company has a current ratio of 1.94, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $428.25 and a 200 day moving average price of $411.94. The stock has a market cap of $19.31 billion, a PE ratio of 24.86, a P/E/G ratio of 3.12 and a beta of 1.08.
Analysts Set New Price Targets
A number of analysts have recently weighed in on TDY shares. Needham & Company LLC reduced their target price on shares of Teledyne Technologies from $498.00 to $470.00 in a report on Thursday. StockNews.com started coverage on shares of Teledyne Technologies in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $487.00.
Insider Buying and Selling
In other Teledyne Technologies news, CEO Robert Mehrabian sold 3,400 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $440.17, for a total value of $1,496,578.00. Following the transaction, the chief executive officer now directly owns 196,052 shares in the company, valued at approximately $86,296,208.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Teledyne Technologies news, SVP George C. Bobb III sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $433.12, for a total value of $4,331,200.00. Following the transaction, the senior vice president now directly owns 10,490 shares in the company, valued at approximately $4,543,428.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Mehrabian sold 3,400 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $440.17, for a total transaction of $1,496,578.00. Following the completion of the transaction, the chief executive officer now owns 196,052 shares in the company, valued at $86,296,208.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,210 shares of company stock valued at $8,741,594. Company insiders own 2.14% of the company’s stock.
Teledyne Technologies Company Profile
Teledyne Technologies, Inc engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. The Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial, and other applications, and electronic test and measurement equipment.
Featured Stories
- Get a free copy of the StockNews.com research report on Teledyne Technologies (TDY)
- 10 E-commerce Stocks to Consider for Long-Term Buys
- Joby Aviation Extends Deal With Air Force, Analysts Maintain Hold
- Meta’s Earnings; Time To Buckle Up
- Why Invest in High-Yield Dividend Stocks?
- Dividend Prince Automatic Data Processing Hits Bottom
Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDY – Get Rating).
Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
