Banco Bilbao Vizcaya Argentaria S.A. Has $697,000 Position in Teledyne Technologies Incorporated (NYSE:TDY)

Banco Bilbao Vizcaya Argentaria S.A. reduced its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 26.2% during the 4th quarter, according to the company in its most recent 13F filing 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 period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Teledyne Technologies were worth $697,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TDY. Vanguard Group Inc. boosted its position in Teledyne Technologies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,612,484 shares of the scientific and technical instruments company’s stock valued at $2,604,922,000 after buying an additional 46,479 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Teledyne Technologies by 1.6% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,316,360 shares of the scientific and technical instruments company’s stock worth $610,962,000 after acquiring an additional 20,165 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Teledyne Technologies by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after acquiring an additional 64,617 shares during the last quarter. Norges Bank bought a new position in shares of Teledyne Technologies in the fourth quarter worth about $306,042,000. Finally, Invesco Ltd. raised its stake in shares of Teledyne Technologies by 4.6% during the fourth quarter. Invesco Ltd. now owns 626,522 shares of the scientific and technical instruments company’s stock worth $290,788,000 after buying an additional 27,454 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Teledyne Technologies

In related news, EVP Melanie Susan Cibik sold 2,699 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 27,235 shares of the company’s stock, valued at $13,890,667.05. This trade represents a 9.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Robert Mehrabian sold 5,768 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $518.22, for a total value of $2,989,092.96. Following the sale, the chairman now directly owns 144,553 shares in the company, valued at approximately $74,910,255.66. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,880 shares of company stock valued at $9,212,200. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Monday. TD Securities reissued a “buy” rating and set a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. 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 note on Monday, March 17th. Finally, Needham & Company LLC dropped their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $542.50.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $463.84 on Tuesday. The company 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. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a twelve month low of $375.94 and a twelve month high of $522.50. The business’s 50 day moving average price is $481.55 and its two-hundred day moving average price is $479.10.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.92 by $0.03. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate 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 prior year, the business posted $4.55 earnings per share. On average, analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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.