Natixis Has $2.88 Million Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Natixis cut its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,213 shares of the scientific and technical instruments company’s stock after selling 183 shares during the period. Natixis’ holdings in Teledyne Technologies were worth $2,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Hurley Capital LLC acquired a new position in Teledyne Technologies in the fourth quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Teledyne Technologies in the 3rd quarter valued at $39,000. Millstone Evans Group LLC bought a new position in shares of Teledyne Technologies in the 4th quarter worth $42,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Teledyne Technologies during the 4th quarter worth about $46,000. Finally, Tortoise Investment Management LLC boosted its stake in Teledyne Technologies by 63.2% during the 4th quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company’s stock worth $58,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 1.8 %

Shares of Teledyne Technologies stock opened at $453.71 on Tuesday. The stock has a market cap of $21.25 billion, a P/E ratio of 26.33, a P/E/G ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50. The business’s 50 day moving average is $485.26 and its 200-day moving average is $478.63. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates of $5.23 by $0.29. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $5.44 EPS. Equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $508.34, for a total value of $2,920,413.30. Following the transaction, the vice president now directly owns 4,962 shares of the company’s stock, valued at $2,522,383.08. This represents a 53.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO George C. Bobb III sold 6,308 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 10,482 shares of the company’s stock, valued at approximately $5,322,445.14. This represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,571 shares of company stock worth $17,709,721 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TDY. Needham & Company LLC reiterated a “buy” rating and set a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Bank of America upped their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a report on Monday, March 17th. Finally, StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, April 16th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies currently has a consensus rating of “Buy” and an average target price of $548.00.

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.