SG Americas Securities LLC lessened its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 93.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 676 shares of the scientific and technical instruments company’s stock after selling 9,000 shares during the quarter. SG Americas Securities LLC’s holdings in Teledyne Technologies were worth $108,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its position in shares of Teledyne Technologies by 1,204.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock valued at $166,000 after purchasing an additional 1,204 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Teledyne Technologies by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock valued at $169,000 after purchasing an additional 177 shares during the period. ETF Managers Group LLC acquired a new stake in shares of Teledyne Technologies in the second quarter valued at about $181,000. Cetera Investment Advisers acquired a new stake in shares of Teledyne Technologies in the second quarter valued at about $270,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Teledyne Technologies in the second quarter valued at about $290,000. Institutional investors own 84.07% of the company’s stock.

Several analysts have recently issued reports on the stock. ValuEngine lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Jefferies Group lifted their target price on shares of Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $175.33.

In related news, VP Cynthia Y. Belak sold 4,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $185.19, for a total transaction of $740,760.00. Following the transaction, the vice president now directly owns 6,903 shares in the company, valued at $1,278,366.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Simon M. Lorne sold 4,958 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $181.64, for a total transaction of $900,571.12. Following the transaction, the director now owns 30,297 shares in the company, valued at $5,503,147.08. The disclosure for this sale can be found here. Insiders have sold 25,364 shares of company stock worth $4,643,847 over the last 90 days. 3.30% of the stock is currently owned by company insiders.

Teledyne Technologies Incorporated (NYSE:TDY) opened at $181.15 on Monday. The firm has a market cap of $6,419.23, a PE ratio of 30.81, a P/E/G ratio of 3.60 and a beta of 1.03. Teledyne Technologies Incorporated has a 52-week low of $119.67 and a 52-week high of $186.54. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.98.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.34. The firm had revenue of $662.20 million for the quarter, compared to analyst estimates of $656.20 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. Teledyne Technologies’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 earnings per share. analysts anticipate that Teledyne Technologies Incorporated will post 6.7 EPS for the current fiscal year.

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About Teledyne Technologies

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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