Teledyne Technologies Incorporated (NYSE:TDY) Holdings Trimmed by Findlay Park Partners LLP

Findlay Park Partners LLP decreased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 36.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 226,739 shares of the scientific and technical instruments company's stock after selling 132,538 shares during the period. Findlay Park Partners LLP owned 0.48% of Teledyne Technologies worth $101,191,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new position in Teledyne Technologies during the 4th quarter valued at about $28,000. CVA Family Office LLC purchased a new position in Teledyne Technologies during the 4th quarter valued at about $31,000. Anchor Investment Management LLC purchased a new position in Teledyne Technologies during the 4th quarter valued at about $45,000. Cary Street Partners Investment Advisory LLC purchased a new position in Teledyne Technologies during the 3rd quarter valued at about $44,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in Teledyne Technologies by 63.2% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company's stock valued at $49,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of recent analyst reports. TD Cowen lowered their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, April 25th. StockNews.com cut shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a report on Thursday, April 25th. Bank of America cut shares of Teledyne Technologies from a "buy" rating to a "neutral" rating and lowered their price target for the company from $490.00 to $400.00 in a report on Friday, April 26th. Finally, Needham & Company LLC lowered their price target on shares of Teledyne Technologies from $510.00 to $455.00 and set a "buy" rating on the stock in a report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Teledyne Technologies currently has an average rating of "Moderate Buy" and an average target price of $470.83.

Teledyne Technologies Stock Performance

Shares of NYSE:TDY traded up $0.87 during trading on Friday, hitting $393.49. 174,622 shares of the stock traded hands, compared to its average volume of 326,037. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. The company has a market cap of $18.64 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.71 and a beta of 1.04. The company has a fifty day moving average price of $408.36 and a two-hundred day moving average price of $413.61. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share for the quarter, missing the consensus estimate of $4.63 by ($0.08). The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. Teledyne Technologies's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $4.53 earnings per share. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 19.34 EPS for the current year.

Insider Activity

In related news, Director Simon M. Lorne sold 2,200 shares of the business's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the sale, the director now owns 67,288 shares of the company's stock, valued at approximately $28,711,789.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.14% of the company's stock.

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.