OMERS ADMINISTRATION Corp Has $916,000 Stake in Teledyne Technologies Incorporated (NYSE:TDY)

OMERS ADMINISTRATION Corp cut its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,974 shares of the scientific and technical instruments company's stock after selling 762 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Teledyne Technologies were worth $916,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new position in Teledyne Technologies in the fourth quarter valued at about $28,000. Hurley Capital LLC bought a new position in shares of Teledyne Technologies in the fourth quarter valued at approximately $33,000. Ancora Advisors LLC boosted its holdings in shares of Teledyne Technologies by 192.3% in the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after acquiring an additional 50 shares in the last quarter. Millstone Evans Group LLC bought a new stake in Teledyne Technologies during the 4th quarter worth approximately $42,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Teledyne Technologies during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Insiders Place Their Bets

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the completion of the transaction, the insider now owns 51,324 shares in the company, valued at approximately $26,691,559.44. The trade was a 6.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melanie Susan Cibik sold 706 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were 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 directly owns 26,529 shares of the company's stock, valued at $13,794,018.84. The trade was a 2.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TDY shares. StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Bank of America upped their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. TD Securities restated a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday, April 24th. Finally, Needham & Company LLC reduced 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 report on Thursday, April 24th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $542.50.

Teledyne Technologies Trading Down 1.2%

Teledyne Technologies stock traded down $6.10 during mid-day trading on Wednesday, hitting $489.34. The stock had a trading volume of 366,169 shares, compared to its average volume of 260,785. The stock has a 50-day simple moving average of $477.97 and a two-hundred day simple moving average of $481.97. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $22.93 billion, a PE ratio of 28.40, 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.

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 EPS for the quarter, topping the consensus estimate of $4.92 by $0.03. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.55 EPS. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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.