Nuveen Asset Management LLC Cuts Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Nuveen Asset Management LLC cut its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,270 shares of the scientific and technical instruments company's stock after selling 512 shares during the period. Nuveen Asset Management LLC owned 0.21% of Teledyne Technologies worth $45,146,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. boosted its position in Teledyne Technologies by 4.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock worth $232,000 after acquiring an additional 21 shares during the period. Ironwood Investment Management LLC boosted its position in Teledyne Technologies by 0.8% during the 4th quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock worth $1,335,000 after acquiring an additional 22 shares during the period. Keel Point LLC boosted its position in Teledyne Technologies by 4.5% during the 4th quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock worth $247,000 after acquiring an additional 23 shares during the period. New York Life Investment Management LLC boosted its position in Teledyne Technologies by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company's stock worth $2,884,000 after acquiring an additional 25 shares during the period. Finally, Allworth Financial LP boosted its position in Teledyne Technologies by 15.1% during the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company's stock worth $105,000 after acquiring an additional 27 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Trading Down 0.4%

Teledyne Technologies stock traded down $1.74 during mid-day trading on Friday, hitting $486.30. The stock had a trading volume of 156,326 shares, compared to its average volume of 260,998. The stock has a 50-day simple moving average of $477.54 and a two-hundred day simple moving average of $482.41. The stock has a market capitalization of $22.79 billion, a PE ratio of 28.22, a P/E/G ratio of 3.14 and a beta of 1.06. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping analysts' consensus estimates of $4.92 by $0.03. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $4.55 earnings per share. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analyst Upgrades and Downgrades

TDY has been the subject of several research reports. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Needham & Company LLC reduced their price target on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a report 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 report on Monday, March 17th. Finally, TD Securities reissued a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $542.50.

Insider Buying and Selling

In related news, 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 transaction of $367,091.76. Following the completion of the sale, the executive vice president now owns 26,529 shares of the company's stock, valued at approximately $13,794,018.84. This trade represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the sale, the insider now owns 51,324 shares in the company, valued at $26,691,559.44. The trade was a 6.72% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

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.