Voya Investment Management LLC Sells 1,419 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Voya Investment Management LLC trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,085 shares of the scientific and technical instruments company's stock after selling 1,419 shares during the quarter. Voya Investment Management LLC owned about 0.07% of Teledyne Technologies worth $14,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. MGO One Seven LLC boosted its holdings in Teledyne Technologies by 7.4% during the fourth quarter. MGO One Seven LLC now owns 827 shares of the scientific and technical instruments company's stock valued at $384,000 after acquiring an additional 57 shares during the period. Pinebridge Investments L.P. boosted its stake in Teledyne Technologies by 61.9% during the 4th quarter. Pinebridge Investments L.P. now owns 1,109 shares of the scientific and technical instruments company's stock valued at $515,000 after purchasing an additional 424 shares during the period. Dark Forest Capital Management LP increased its position in Teledyne Technologies by 226.6% in the 4th quarter. Dark Forest Capital Management LP now owns 1,682 shares of the scientific and technical instruments company's stock worth $781,000 after buying an additional 1,167 shares during the period. Quantessence Capital LLC acquired a new position in shares of Teledyne Technologies during the fourth quarter worth approximately $409,000. Finally, Hsbc Holdings PLC grew its stake in shares of Teledyne Technologies by 54.1% in the fourth quarter. Hsbc Holdings PLC now owns 180,123 shares of the scientific and technical instruments company's stock worth $83,544,000 after acquiring an additional 63,256 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on TDY. Bank of America boosted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Monday, March 17th. TD Securities reaffirmed a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. Needham & Company LLC decreased their price objective 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, StockNews.com lowered Teledyne Technologies from a "buy" rating to a "hold" rating in a research note on Monday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $542.50.

Insider Activity

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert Mehrabian sold 5,007 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $510.33, for a total value of $2,555,222.31. Following the completion of the transaction, the chairman now directly owns 144,553 shares in the company, valued at approximately $73,769,732.49. This represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,413 shares of company stock worth $4,846,536. Insiders own 1.50% of the company's stock.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock traded up $12.51 during midday trading on Friday, hitting $478.77. 365,392 shares of the company were exchanged, compared to its average volume of 256,151. The firm has a 50 day simple moving average of $479.70 and a 200-day simple moving average of $478.98. Teledyne Technologies Incorporated has a 52 week low of $380.63 and a 52 week high of $522.50. The firm has a market cap of $22.42 billion, a P/E ratio of 27.79, a PEG ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 9.94% and a net margin of 14.45%. The business's revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $4.55 earnings per share. Research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Teledyne Technologies 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.