Hantz Financial Services Inc. Sells 500 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Hantz Financial Services Inc. lowered its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,496 shares of the scientific and technical instruments company’s stock after selling 500 shares during the period. Hantz Financial Services Inc. owned approximately 0.05% of Teledyne Technologies worth $10,905,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TDY. Covea Finance grew its position in shares of Teledyne Technologies by 25.1% in the fourth quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company’s stock valued at $9,932,000 after purchasing an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock valued at $503,338,000 after purchasing an additional 64,617 shares during the period. Verition Fund Management LLC grew its holdings in Teledyne Technologies by 240.5% in the 3rd quarter. Verition Fund Management LLC now owns 36,524 shares of the scientific and technical instruments company’s stock valued at $15,985,000 after buying an additional 25,796 shares in the last quarter. West Oak Capital LLC increased its position in Teledyne Technologies by 4,721.8% during the 4th quarter. West Oak Capital LLC now owns 11,283 shares of the scientific and technical instruments company’s stock worth $5,237,000 after buying an additional 11,049 shares during the period. Finally, National Bank of Canada FI lifted its holdings in shares of Teledyne Technologies by 217.5% during the third quarter. National Bank of Canada FI now owns 53,819 shares of the scientific and technical instruments company’s stock worth $23,554,000 after buying an additional 36,867 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Stock Up 0.1 %

Shares of TDY opened at $509.22 on Wednesday. The firm has a 50 day simple moving average of $475.48 and a two-hundred day simple moving average of $449.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.35. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $518.85. The company has a market cap of $23.73 billion, a P/E ratio of 29.55, a P/E/G ratio of 3.24 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.44 EPS. Research analysts forecast that Teledyne Technologies Incorporated will post 21.3 EPS for the current fiscal year.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, COO George C. Bobb III sold 6,308 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the transaction, the chief operating officer now directly owns 10,482 shares in the company, valued at approximately $5,322,445.14. This trade represents a 37.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melanie Susan Cibik sold 2,538 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $513.02, for a total value of $1,302,044.76. Following the sale, the executive vice president now owns 32,100 shares in the company, valued at approximately $16,467,942. This trade represents a 7.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,116 shares of company stock valued at $33,505,935. 2.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TDY has been the topic of a number of recent research reports. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. TD Cowen raised their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Needham & Company LLC boosted their price target on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, November 11th. UBS Group began coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective on the stock. Finally, StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $531.00.

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.