Desjardins Global Asset Management Inc. Decreases Position in Teledyne Technologies Incorporated (NYSE:TDY)

Desjardins Global Asset Management Inc. lessened its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,559 shares of the scientific and technical instruments company’s stock after selling 389 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Teledyne Technologies were worth $1,143,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Barclays PLC raised its stake in Teledyne Technologies by 18.0% in the 3rd quarter. Barclays PLC now owns 99,504 shares of the scientific and technical instruments company’s stock worth $40,656,000 after acquiring an additional 15,169 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in Teledyne Technologies in the 4th quarter worth $2,325,000. Metis Global Partners LLC raised its stake in Teledyne Technologies by 21.5% in the 3rd quarter. Metis Global Partners LLC now owns 1,715 shares of the scientific and technical instruments company’s stock worth $701,000 after acquiring an additional 303 shares during the last quarter. WCM Investment Management LLC purchased a new position in Teledyne Technologies in the 4th quarter worth $934,000. Finally, LPL Financial LLC raised its stake in Teledyne Technologies by 75.2% in the 3rd quarter. LPL Financial LLC now owns 12,474 shares of the scientific and technical instruments company’s stock worth $5,097,000 after acquiring an additional 5,355 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction dated 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 completion of the transaction, the director now owns 18,735 shares in the company, valued at approximately $8,110,568.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Kenneth C. Dahlberg sold 4,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 18,735 shares in the company, valued at approximately $8,110,568.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Simon M. Lorne sold 2,200 shares of the firm’s 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 in the company, valued at $28,711,789.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,711 shares of company stock worth $2,890,621. Insiders own 1.88% of the company’s stock.

Teledyne Technologies Stock Performance

NYSE TDY opened at $401.07 on Wednesday. The stock has a 50-day simple moving average of $423.24 and a two-hundred day simple moving average of $415.25. The firm has a market capitalization of $19.00 billion, a P/E ratio of 21.68, a PEG ratio of 2.57 and a beta of 1.02. Teledyne Technologies Incorporated has a fifty-two week low of $364.98 and a fifty-two week high of $448.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.17 and a current ratio of 1.69.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share for the quarter, beating analysts’ consensus estimates of $5.04 by $0.40. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the business posted $4.94 EPS. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 20.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Needham & Company LLC reduced their target price on Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies presently has an average rating of “Buy” and a consensus price target of $515.67.

About Teledyne Technologies

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.