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

Alliance Wealth Advisors LLC UT lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,878 shares of the scientific and technical instruments company’s stock after acquiring 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.

Several other institutional investors and hedge funds have also made changes to their positions in TDY. Bruce G. Allen Investments LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter valued at approximately $28,000. CVA Family Office LLC acquired a new stake in Teledyne Technologies in the fourth quarter worth $31,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Teledyne Technologies in the third quarter worth $44,000. Anchor Investment Management LLC acquired a new stake in Teledyne Technologies in the fourth quarter worth $45,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in Teledyne Technologies by 63.2% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock worth $49,000 after buying an additional 43 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Teledyne Technologies

In related news, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the transaction, the director now owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Simon M. Lorne sold 2,200 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the sale, the director now directly owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $1,731,640.00. Following the sale, the director now directly owns 18,735 shares of the company’s stock, valued at $8,110,568.85. The disclosure for this sale can be found here. Insiders sold 6,711 shares of company stock valued at $2,890,621 over the last 90 days. 2.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TDY. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. Needham & Company LLC dropped their target price on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday. TD Cowen dropped their target price on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Bank of America cut Teledyne Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $490.00 to $400.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $474.86.

Teledyne Technologies Stock Performance

Shares of NYSE:TDY traded down $2.34 on Friday, hitting $374.64. The company’s stock had a trading volume of 471,369 shares, compared to its average volume of 283,257. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19. The company has a market capitalization of $17.75 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. The stock’s 50-day moving average is $416.42 and its two-hundred day moving average is $414.39. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.17 and a current ratio of 1.81.

Teledyne Technologies (NYSE:TDY) last announced 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). Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business earned $4.53 EPS. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts forecast that Teledyne Technologies Incorporated will post 19.35 EPS 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.