Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 413 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,678 shares of the scientific and technical instruments company’s stock after selling 413 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Teledyne Technologies were worth $749,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new stake in Teledyne Technologies in the fourth quarter worth $28,000. CVA Family Office LLC acquired a new stake in shares of Teledyne Technologies in the 4th quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC acquired a new position in Teledyne Technologies during the 3rd quarter worth approximately $44,000. Anchor Investment Management LLC bought a new position in Teledyne Technologies in the fourth quarter worth approximately $45,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in Teledyne Technologies by 63.2% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock valued at $49,000 after acquiring an additional 43 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $391.72 on Thursday. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $448.19. The company has a market cap of $18.56 billion, a P/E ratio of 21.19, a P/E/G ratio of 2.66 and a beta of 1.04. The firm has a 50-day moving average of $409.68 and a 200-day moving average of $413.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing the consensus estimate of $4.63 by ($0.08). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. Teledyne Technologies’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.53 EPS. Equities research analysts forecast that Teledyne Technologies Incorporated will post 19.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. TD Cowen lowered their target price on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. StockNews.com downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Bank of America cut shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $490.00 to $400.00 in a report on Friday, April 26th. Finally, Needham & Company LLC lowered their target price on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $470.83.

Insiders Place Their Bets

In other news, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the sale, the director now directly owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.88% of the company’s stock.

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.