Aristotle Capital Boston LLC Trims Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Aristotle Capital Boston LLC lowered its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,466 shares of the scientific and technical instruments company's stock after selling 1,016 shares during the quarter. Aristotle Capital Boston LLC's holdings in Teledyne Technologies were worth $6,250,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AXA S.A. raised its stake in shares of Teledyne Technologies by 83.2% during the 4th quarter. AXA S.A. now owns 10,815 shares of the scientific and technical instruments company's stock valued at $5,020,000 after buying an additional 4,911 shares during the last quarter. Keel Point LLC raised its position in Teledyne Technologies by 4.5% during the fourth quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock valued at $247,000 after acquiring an additional 23 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Teledyne Technologies by 1.8% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 294,101 shares of the scientific and technical instruments company's stock valued at $136,501,000 after acquiring an additional 5,275 shares during the period. Freestone Grove Partners LP purchased a new stake in Teledyne Technologies in the 4th quarter worth approximately $61,939,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth approximately $93,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on TDY. TD Securities reiterated a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research note on Thursday, April 24th. Needham & Company LLC lowered 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 note on Thursday, April 24th. Bank of America lifted their price target on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Finally, StockNews.com downgraded Teledyne Technologies from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $542.50.

Teledyne Technologies Price Performance

Teledyne Technologies stock traded down $0.50 during midday trading on Monday, reaching $478.34. The company had a trading volume of 316,673 shares, compared to its average volume of 255,489. Teledyne Technologies Incorporated has a 12-month low of $380.63 and a 12-month high of $522.50. The firm's fifty day simple moving average is $478.80 and its 200-day simple moving average is $479.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The company has a market capitalization of $22.41 billion, a P/E ratio of 27.76, a P/E/G ratio of 3.14 and a beta of 1.06.

Teledyne Technologies (NYSE:TDY - Get Free Report) 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. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company posted $4.55 earnings per share. The business's revenue was up 7.4% on a year-over-year basis. As a group, equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Activity

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 5,007 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $510.33, for a total value of $2,555,222.31. Following the completion of the sale, the chairman now directly owns 144,553 shares of the company's stock, valued at $73,769,732.49. This trade represents a 3.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the transaction, the executive vice president now owns 26,529 shares in the company, valued at approximately $13,794,018.84. This represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,413 shares of company stock worth $4,846,536 over the last three months. Insiders own 1.50% of the company's stock.

Teledyne Technologies Company 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.