Free Trial

Choreo LLC Has $290,000 Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Teledyne Technologies logo with Aerospace background

Choreo LLC lowered its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 60.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 583 shares of the scientific and technical instruments company's stock after selling 905 shares during the quarter. Choreo LLC's holdings in Teledyne Technologies were worth $290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDY. Golden State Wealth Management LLC boosted its stake in Teledyne Technologies by 205.9% during the 1st quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock valued at $26,000 after purchasing an additional 35 shares in the last quarter. Quarry LP acquired a new stake in shares of Teledyne Technologies during the 4th quarter valued at $28,000. NBC Securities Inc. acquired a new stake in shares of Teledyne Technologies during the 1st quarter valued at $28,000. Hurley Capital LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter valued at $33,000. Finally, Ancora Advisors LLC lifted its position in shares of Teledyne Technologies by 192.3% during the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TDY shares. Needham & Company LLC reduced their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a report on Thursday, April 24th. UBS Group increased their target price on Teledyne Technologies from $585.00 to $630.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Stifel Nicolaus started coverage on Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price for the company. Morgan Stanley increased their target price on Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Finally, Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $576.57.

View Our Latest Stock Report on Teledyne Technologies

Teledyne Technologies Stock Down 1.2%

TDY traded down $6.46 during trading on Friday, hitting $544.56. The company had a trading volume of 446,276 shares, compared to its average volume of 463,371. The company has a market capitalization of $25.53 billion, a PE ratio of 29.99, a PEG ratio of 2.59 and a beta of 1.07. Teledyne Technologies Incorporated has a one year low of $397.78 and a one year high of $570.56. The firm's 50-day moving average price is $516.60 and its 200 day moving average price is $497.52. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.21.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same period in the previous year, the firm posted $4.58 EPS. The company's revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies declared that its board has initiated a stock repurchase plan on Wednesday, July 23rd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to buy up to 7.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Teledyne Technologies

In related news, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total value of $3,740,686.35. Following the transaction, the chief executive officer directly owned 10,391 shares of the company's stock, valued at $5,771,265.31. This trade represents a 39.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael T. Smith sold 1,975 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $560.10, for a total transaction of $1,106,197.50. Following the completion of the sale, the director owned 51,328 shares in the company, valued at $28,748,812.80. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,021 shares of company stock valued at $8,315,662. 1.50% of the stock is currently owned by company insiders.

Teledyne Technologies Profile

(Free Report)

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.

Further Reading

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

Should You Invest $1,000 in Teledyne Technologies Right Now?

Before you consider Teledyne Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teledyne Technologies wasn't on the list.

While Teledyne Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines