Assenagon Asset Management S.A. Has $15.29 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

Assenagon Asset Management S.A. cut its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 69.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,260 shares of the scientific and technical instruments company's stock after selling 79,238 shares during the quarter. Assenagon Asset Management S.A. owned about 0.07% of Teledyne Technologies worth $15,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TDY. Baird Financial Group Inc. boosted its holdings in Teledyne Technologies by 2.6% in the fourth quarter. Baird Financial Group Inc. now owns 944 shares of the scientific and technical instruments company's stock worth $378,000 after purchasing an additional 24 shares during the last quarter. Allworth Financial LP lifted its holdings in Teledyne Technologies by 26.5% in the third quarter. Allworth Financial LP now owns 129 shares of the scientific and technical instruments company's stock valued at $53,000 after acquiring an additional 27 shares during the period. Great Lakes Advisors LLC boosted its position in Teledyne Technologies by 5.5% in the third quarter. Great Lakes Advisors LLC now owns 540 shares of the scientific and technical instruments company's stock worth $221,000 after purchasing an additional 28 shares during the last quarter. First Manhattan Co. grew its stake in shares of Teledyne Technologies by 0.6% during the 4th quarter. First Manhattan Co. now owns 4,466 shares of the scientific and technical instruments company's stock valued at $1,786,000 after purchasing an additional 28 shares during the period. Finally, Silvercrest Asset Management Group LLC grew its stake in shares of Teledyne Technologies by 0.8% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 3,611 shares of the scientific and technical instruments company's stock valued at $1,615,000 after purchasing an additional 29 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Teledyne Technologies

In other news, Director Simon M. Lorne sold 2,200 shares of the business's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the transaction, the director now directly owns 67,288 shares in the company, valued at $28,711,789.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Kenneth C. Dahlberg sold 4,000 shares of the company's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the completion of the transaction, the director now owns 18,735 shares in the company, valued at $8,110,568.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Simon M. Lorne sold 2,200 shares of the firm's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following the transaction, the director now directly owns 67,288 shares of the company's stock, valued at $28,711,789.60. The disclosure for this sale can be found here. Insiders have sold a total of 6,711 shares of company stock valued at $2,890,621 over the last ninety days. 2.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $522.00 to $510.00 and set a "buy" rating on the stock in a report on Wednesday, January 24th. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, February 10th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $515.67.

Teledyne Technologies Stock Performance

Teledyne Technologies stock traded up $0.31 during midday trading on Friday, hitting $429.32. The stock had a trading volume of 248,608 shares, compared to its average volume of 214,189. Teledyne Technologies Incorporated has a 52-week low of $364.98 and a 52-week high of $448.71. The company has a market capitalization of $20.34 billion, a PE ratio of 23.21, a P/E/G ratio of 2.76 and a beta of 1.02. The firm's fifty day moving average is $426.69 and its two-hundred day moving average is $415.39. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.29.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.04 by $0.40. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same period in the prior year, the company posted $4.94 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. On average, research analysts forecast that Teledyne Technologies Incorporated will post 20.56 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.