Rockefeller Capital Management L.P. Has $19.88 Million Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Rockefeller Capital Management L.P. lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,414 shares of the scientific and technical instruments company’s stock after selling 1,194 shares during the period. Rockefeller Capital Management L.P. owned about 0.10% of Teledyne Technologies worth $19,876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDY. Wolff Wiese Magana LLC acquired a new position in shares of Teledyne Technologies in the 3rd quarter valued at about $27,000. American National Bank acquired a new position in shares of Teledyne Technologies in the 2nd quarter valued at about $28,000. Innealta Capital LLC acquired a new position in shares of Teledyne Technologies in the 2nd quarter valued at about $28,000. Tortoise Investment Management LLC increased its holdings in shares of Teledyne Technologies by 48.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 24 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Teledyne Technologies in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Robert Mehrabian sold 3,925 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $490.50, for a total value of $1,925,212.50. Following the completion of the sale, the chairman now directly owns 171,802 shares of the company’s stock, valued at approximately $84,268,881. This represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.14% of the company’s stock.

Teledyne Technologies Stock Down 0.1 %

Shares of Teledyne Technologies stock opened at $485.26 on Monday. The stock has a market capitalization of $22.61 billion, a P/E ratio of 24.53, a PEG ratio of 3.37 and a beta of 1.01. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $460.12 and a two-hundred day moving average price of $425.05. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $492.00.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.05 earnings per share. Equities analysts expect that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TDY shares. Needham & Company LLC upped their target price on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen boosted their price target on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $517.50.

Teledyne Technologies Company 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.