Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC lessened its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 82.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,235 shares of the scientific and technical instruments company's stock after selling 24,118 shares during the period. Worldquant Millennium Advisors LLC's holdings in Teledyne Technologies were worth $2,430,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Waverly Advisors LLC lifted its stake in shares of Teledyne Technologies by 9.7% in the 4th quarter. Waverly Advisors LLC now owns 3,592 shares of the scientific and technical instruments company's stock valued at $1,667,000 after purchasing an additional 317 shares in the last quarter. Texas Bank & Trust Co acquired a new position in Teledyne Technologies during the fourth quarter valued at approximately $395,000. Tidal Investments LLC grew its stake in Teledyne Technologies by 0.4% during the fourth quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company's stock worth $2,556,000 after buying an additional 22 shares during the period. Toronto Dominion Bank increased its position in shares of Teledyne Technologies by 0.6% in the fourth quarter. Toronto Dominion Bank now owns 24,958 shares of the scientific and technical instruments company's stock worth $11,584,000 after acquiring an additional 151 shares in the last quarter. Finally, Studio Investment Management LLC raised its stake in shares of Teledyne Technologies by 10.1% in the 4th quarter. Studio Investment Management LLC now owns 295 shares of the scientific and technical instruments company's stock valued at $137,000 after acquiring an additional 27 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insider Transactions at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the sale, the insider now directly owns 51,324 shares of the company's stock, valued at $26,691,559.44. The trade was a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value of $367,091.76. Following the sale, the executive vice president now owns 26,529 shares in the company, 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. Corporate insiders own 1.50% of the company's stock.

Teledyne Technologies Stock Up 1.7%

Shares of Teledyne Technologies stock traded up $8.46 during trading hours on Tuesday, hitting $494.68. 95,925 shares of the company's stock traded hands, compared to its average volume of 287,676. Teledyne Technologies Incorporated has a twelve month low of $380.63 and a twelve month high of $522.50. The company has a market cap of $23.18 billion, a PE ratio of 28.71, a PEG ratio of 3.14 and a beta of 1.06. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $477.26 and a 200-day simple moving average of $482.39.

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, beating 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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business posted $4.55 earnings per share. Teledyne Technologies's revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TDY has been the subject of a number of research reports. TD Securities reaffirmed a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC dropped their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Bank of America boosted their price target on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $542.50.

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.