Integrated Wealth Concepts LLC Sells 110 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Integrated Wealth Concepts LLC lowered its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,595 shares of the scientific and technical instruments company’s stock after selling 110 shares during the period. Integrated Wealth Concepts LLC’s holdings in Teledyne Technologies were worth $1,204,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Stratos Wealth Partners LTD. lifted its stake in shares of Teledyne Technologies by 4.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock worth $232,000 after buying an additional 21 shares in the last quarter. Ironwood Investment Management LLC lifted its stake in shares of Teledyne Technologies by 0.8% in the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company’s stock worth $1,335,000 after buying an additional 22 shares in the last quarter. New York Life Investment Management LLC lifted its stake in shares of Teledyne Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company’s stock worth $2,884,000 after buying an additional 25 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Teledyne Technologies by 15.1% in the fourth quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock worth $105,000 after buying an additional 27 shares in the last quarter. Finally, Net Worth Advisory Group lifted its stake in shares of Teledyne Technologies by 1.5% in the fourth quarter. Net Worth Advisory Group now owns 1,802 shares of the scientific and technical instruments company’s stock worth $836,000 after buying an additional 27 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Activity at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the transaction, the insider now directly owns 51,324 shares in the company, valued at approximately $26,691,559.44. The trade was a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert Mehrabian sold 5,007 shares of Teledyne Technologies stock in a transaction on Friday, February 7th. The shares were sold at an average price of $510.33, for a total value of $2,555,222.31. Following the transaction, the chairman now owns 144,553 shares in the company, valued at $73,769,732.49. This trade represents a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,181 shares of company stock worth $7,835,629. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TDY. TD Securities reiterated a “buy” rating and issued a $550.00 target price on shares of Teledyne Technologies in a research note on Thursday, April 24th. Needham & Company LLC dropped their target price on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Bank of America boosted their price objective 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 cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $542.50.

Teledyne Technologies Stock Down 0.0 %

Shares of TDY stock opened at $462.89 on Wednesday. The company has a 50 day simple moving average of $480.79 and a two-hundred day simple moving average of $478.99. The stock has a market cap of $21.68 billion, a P/E ratio of 26.87, a P/E/G ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 12 month low of $378.53 and a 12 month high of $522.50. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping analysts’ consensus estimates of $4.92 by $0.03. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $4.55 EPS. On average, research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share 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.