Aristotle Capital Management LLC Cuts Position in Teledyne Technologies Incorporated (NYSE:TDY)

Aristotle Capital Management LLC lowered its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,976,456 shares of the scientific and technical instruments company's stock after selling 39,762 shares during the period. Teledyne Technologies accounts for about 1.8% of Aristotle Capital Management LLC's holdings, making the stock its 27th biggest position. Aristotle Capital Management LLC owned 4.24% of Teledyne Technologies worth $917,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC increased its holdings in shares of Teledyne Technologies by 4.9% in the third quarter. Barclays PLC now owns 102,490 shares of the scientific and technical instruments company's stock worth $44,854,000 after purchasing an additional 4,765 shares during the period. Anchor Investment Management LLC increased its stake in Teledyne Technologies by 114.4% in the 3rd quarter. Anchor Investment Management LLC now owns 253 shares of the scientific and technical instruments company's stock worth $111,000 after acquiring an additional 135 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Teledyne Technologies in the 3rd quarter valued at about $39,000. Tidal Investments LLC boosted its position in shares of Teledyne Technologies by 26.7% during the 3rd quarter. Tidal Investments LLC now owns 5,486 shares of the scientific and technical instruments company's stock valued at $2,401,000 after acquiring an additional 1,157 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of Teledyne Technologies by 14.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,543 shares of the scientific and technical instruments company's stock valued at $1,990,000 after acquiring an additional 563 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Trading Down 0.3 %

Shares of NYSE TDY traded down $1.32 during trading hours on Tuesday, hitting $477.38. The company's stock had a trading volume of 450,568 shares, compared to its average volume of 256,389. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The business has a 50-day simple moving average of $478.80 and a 200-day simple moving average of $479.82. The stock has a market cap of $22.37 billion, a price-to-earnings ratio of 27.71, 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 data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted $4.55 earnings per share. Teledyne Technologies's quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TDY shares. Bank of America raised their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a report on Thursday, April 24th. 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. Finally, StockNews.com downgraded Teledyne Technologies from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $542.50.

Insider Activity at Teledyne Technologies

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

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.