Laird Norton Wetherby Wealth Management LLC Has $265,000 Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Laird Norton Wetherby Wealth Management LLC lessened its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 3.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 571 shares of the scientific and technical instruments company’s stock after selling 23 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Teledyne Technologies were worth $265,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Teledyne Technologies in the fourth quarter valued at approximately $28,000. Hurley Capital LLC acquired a new position in shares of Teledyne Technologies in the fourth quarter valued at approximately $33,000. Ancora Advisors LLC boosted its holdings in shares of Teledyne Technologies by 192.3% in the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 50 shares during the period. Millstone Evans Group LLC acquired a new position in Teledyne Technologies during the fourth quarter worth $42,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Teledyne Technologies during the fourth quarter worth $46,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bank of America increased their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. TD Securities restated a “buy” rating and set a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Needham & Company LLC reduced their target price on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Buy” and a consensus target price of $542.50.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the sale, the insider now owns 51,324 shares in the company, valued at $26,691,559.44. This trade represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Melanie Susan Cibik sold 706 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the sale, the executive vice president now owns 26,529 shares of the company’s stock, valued at approximately $13,794,018.84. This represents a 2.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $498.67 on Friday. The stock has a market cap of $23.37 billion, a P/E ratio of 28.94, a P/E/G ratio of 3.14 and a beta of 1.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The company has a fifty day moving average price of $477.32 and a two-hundred day moving average price of $480.98. Teledyne Technologies Incorporated has a one year low of $380.63 and a one year high of $522.50.

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

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.