Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,878 shares of the scientific and technical instruments company’s stock after purchasing an additional 49 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Teledyne Technologies were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings in Teledyne Technologies by 26.5% during the third quarter. Allworth Financial LP now owns 129 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 27 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in Teledyne Technologies by 5.5% during 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 in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Teledyne Technologies by 0.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 3,669 shares of the scientific and technical instruments company’s stock worth $1,499,000 after purchasing an additional 32 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in Teledyne Technologies by 3.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,089 shares of the scientific and technical instruments company’s stock worth $445,000 after purchasing an additional 32 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of Teledyne Technologies by 2.4% during the third quarter. Wealthfront Advisers LLC now owns 1,565 shares of the scientific and technical instruments company’s stock worth $639,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TDY shares. TD Cowen lowered their target price on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday. Needham & Company LLC lowered their target price on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Bank of America lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $490.00 to $400.00 in a research report on Friday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $474.86.

Teledyne Technologies Stock Performance

NYSE:TDY traded down $2.34 during midday trading on Friday, reaching $374.64. The stock had a trading volume of 471,369 shares, compared to its average volume of 283,257. The firm has a fifty day simple moving average of $416.42 and a two-hundred day simple moving average of $414.39. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. The stock has a market cap of $17.75 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.58 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). The firm had revenue of $1.35 billion during 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%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the business earned $4.53 earnings per share. On average, equities analysts expect that Teledyne Technologies Incorporated will post 19.35 EPS for the current year.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Michael T. Smith sold 511 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total transaction of $220,241.00. Following the sale, the director now directly owns 56,492 shares in the company, valued at approximately $24,348,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction on Friday, February 2nd. The stock was 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 of the company’s stock, valued at approximately $8,110,568.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael T. Smith sold 511 shares of Teledyne Technologies stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total value of $220,241.00. Following the transaction, the director now directly owns 56,492 shares of the company’s stock, valued at approximately $24,348,052. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,711 shares of company stock worth $2,890,621. Corporate 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.