Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 82.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,215 shares of the scientific and technical instruments company’s stock after selling 32,762 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Teledyne Technologies were worth $3,158,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Teledyne Technologies by 17.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after buying an additional 186,849 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Teledyne Technologies by 3.5% in the second quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company’s stock valued at $154,665,000 after buying an additional 13,576 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Teledyne Technologies by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 375,265 shares of the scientific and technical instruments company’s stock valued at $145,594,000 after buying an additional 32,339 shares in the last quarter. Sei Investments Co. grew its stake in shares of Teledyne Technologies by 4.4% in the second quarter. Sei Investments Co. now owns 367,770 shares of the scientific and technical instruments company’s stock valued at $142,689,000 after buying an additional 15,604 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Teledyne Technologies by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 300,302 shares of the scientific and technical instruments company’s stock valued at $116,511,000 after buying an additional 9,732 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Chairman Robert Mehrabian sold 3,925 shares of the firm’s 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 sale, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $84,268,881. This trade represents a 2.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.88% of the stock is currently owned by company insiders.

Teledyne Technologies Trading Up 1.4 %

NYSE:TDY opened at $485.68 on Thursday. 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 business’s 50 day moving average is $458.07 and its two-hundred day moving average is $423.61. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $492.00. The company has a market cap of $22.63 billion, a PE ratio of 24.55, a P/E/G ratio of 3.31 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $5.05 EPS. Teledyne Technologies’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that Teledyne Technologies Incorporated will post 19.45 EPS for the current year.

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.