Integrated Wealth Concepts LLC Sells 110 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Integrated Wealth Concepts LLC cut its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,595 shares of the scientific and technical instruments company’s stock after selling 110 shares during the period. Integrated Wealth Concepts LLC’s holdings in Teledyne Technologies were worth $1,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TDY. Hurley Capital LLC purchased a new position in shares of Teledyne Technologies during the fourth quarter worth about $33,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Teledyne Technologies during the third quarter worth about $39,000. Millstone Evans Group LLC purchased a new position in shares of Teledyne Technologies during the fourth quarter worth about $42,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Teledyne Technologies during the fourth quarter worth about $46,000. Finally, Tortoise Investment Management LLC grew its holdings in shares of Teledyne Technologies by 63.2% during the fourth quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company’s stock worth $58,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

TDY has been the subject of a number of recent research reports. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Monday. TD Securities reiterated a “buy” rating and issued a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Needham & Company LLC decreased their target price on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, Bank of America lifted their target price 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $542.50.

Teledyne Technologies Price Performance

TDY stock opened at $462.89 on Wednesday. The firm’s 50-day moving average price is $480.79 and its two-hundred day moving average price is $478.99. Teledyne Technologies Incorporated has a 12-month low of $378.53 and a 12-month high of $522.50. The stock has a market capitalization of $21.68 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 3.14 and a beta of 1.03. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28.

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

Insider Buying and Selling at Teledyne Technologies

In other news, Chairman Robert Mehrabian sold 5,007 shares of Teledyne Technologies stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $510.33, for a total transaction of $2,555,222.31. Following the sale, the chairman now owns 144,553 shares of the company’s stock, valued at approximately $73,769,732.49. The trade was a 3.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the sale, the insider now directly owns 51,324 shares in the company, valued at $26,691,559.44. The trade was a 6.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,181 shares of company stock worth $7,835,629. 1.50% of the stock is currently owned by company insiders.

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.