Clear Harbor Asset Management LLC Sells 27 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Clear Harbor Asset Management LLC reduced its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,213 shares of the scientific and technical instruments company’s stock after selling 27 shares during the period. Clear Harbor Asset Management LLC’s holdings in Teledyne Technologies were worth $2,773,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its position in Teledyne Technologies by 18.0% during the third quarter. Barclays PLC now owns 99,504 shares of the scientific and technical instruments company’s stock valued at $40,656,000 after purchasing an additional 15,169 shares in the last quarter. Canandaigua National Bank & Trust Co. increased its holdings in shares of Teledyne Technologies by 8.2% during the third quarter. Canandaigua National Bank & Trust Co. now owns 544 shares of the scientific and technical instruments company’s stock worth $222,000 after buying an additional 41 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Teledyne Technologies by 21.5% during the third quarter. Metis Global Partners LLC now owns 1,715 shares of the scientific and technical instruments company’s stock worth $701,000 after buying an additional 303 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in shares of Teledyne Technologies by 3,082.9% during the second quarter. Pinebridge Investments L.P. now owns 24,413 shares of the scientific and technical instruments company’s stock worth $10,036,000 after buying an additional 23,646 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Teledyne Technologies by 75.2% during the third quarter. LPL Financial LLC now owns 12,474 shares of the scientific and technical instruments company’s stock worth $5,097,000 after buying an additional 5,355 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Trading Up 0.1 %

Shares of Teledyne Technologies stock traded up $0.31 during trading on Thursday, hitting $429.32. The company’s stock had a trading volume of 248,389 shares, compared to its average volume of 212,179. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.69 and a quick ratio of 1.17. Teledyne Technologies Incorporated has a 52 week low of $364.98 and a 52 week high of $448.71. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 2.72 and a beta of 1.02. The stock has a 50-day moving average price of $426.82 and a two-hundred day moving average price of $415.25.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.40. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. Teledyne Technologies’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.94 earnings per share. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 20.56 EPS for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, 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 transaction of $1,731,640.00. Following the sale, the director now owns 18,735 shares of the company’s stock, valued at $8,110,568.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Michael T. Smith sold 511 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total transaction of $220,241.00. Following the transaction, the director now owns 56,492 shares of the company’s stock, valued at approximately $24,348,052. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 18,735 shares in the company, valued at approximately $8,110,568.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,711 shares of company stock valued at $2,890,621. 2.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Needham & Company LLC lowered their price target on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $515.67.

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.