Interval Partners LP Decreases Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Interval Partners LP lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 49.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,217 shares of the scientific and technical instruments company's stock after selling 41,591 shares during the quarter. Interval Partners LP owned 0.09% of Teledyne Technologies worth $19,594,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stratos Wealth Partners LTD. raised its holdings in Teledyne Technologies by 4.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock worth $232,000 after purchasing an additional 21 shares in the last quarter. Ironwood Investment Management LLC grew its position in shares of Teledyne Technologies by 0.8% during the fourth 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 last quarter. Keel Point LLC grew its position in shares of Teledyne Technologies by 4.5% during the fourth 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 last quarter. New York Life Investment Management LLC grew its position in shares of Teledyne Technologies by 0.4% during the fourth 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 last quarter. Finally, Allworth Financial LP grew its position in Teledyne Technologies by 15.1% in the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company's stock valued at $105,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Securities reiterated a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday, April 24th. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Bank of America boosted their target price 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. Finally, Needham & Company LLC decreased 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies has a consensus rating of "Buy" and a consensus target price of $542.50.

Insider Transactions at Teledyne Technologies

In other news, EVP Melanie Susan Cibik sold 706 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $13,794,018.84. The trade was a 2.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the insider now owns 51,324 shares of the company's stock, 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. Company insiders own 1.50% of the company's stock.

Teledyne Technologies Price Performance

TDY stock traded down $3.35 during trading on Wednesday, hitting $489.82. The stock had a trading volume of 83,789 shares, compared to its average volume of 258,429. The company's 50 day moving average price is $476.84 and its two-hundred day moving average price is $480.72. Teledyne Technologies Incorporated has a 1-year low of $380.63 and a 1-year high of $522.50. The stock has a market cap of $22.95 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 3.14 and a beta of 1.06. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, beating 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 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 previous year, the company posted $4.55 EPS. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal 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.