Hantz Financial Services Inc. Sells 500 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Hantz Financial Services Inc. reduced its position in Teledyne Technologies Incorporated (NYSE:TDY) by 2.1% during the fourth quarter, HoldingsChannel reports. The firm owned 23,496 shares of the scientific and technical instruments company’s stock after selling 500 shares during the period. Hantz Financial Services Inc.’s holdings in Teledyne Technologies were worth $10,905,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC bought a new position in shares of Teledyne Technologies in the 3rd quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in shares of Teledyne Technologies during the 3rd quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Teledyne Technologies in the 3rd quarter valued at $39,000. Quarry LP lifted its position in shares of Teledyne Technologies by 706.3% during the 2nd quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 113 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in Teledyne Technologies by 432.0% during the third quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock worth $58,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 0.1 %

NYSE:TDY opened at $509.22 on Wednesday. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $518.85. The firm has a 50-day moving average price of $475.48 and a two-hundred day moving average price of $449.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.33. The firm has a market cap of $23.73 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm earned $5.44 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that Teledyne Technologies Incorporated will post 21.3 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman Robert Mehrabian sold 46,075 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $487.33, for a total value of $22,453,729.75. Following the completion of the transaction, the chairman now directly owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. This trade represents a 21.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Melanie Susan Cibik sold 2,538 shares of Teledyne Technologies stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $513.02, for a total transaction of $1,302,044.76. Following the completion of the transaction, the executive vice president now owns 32,100 shares of the company’s stock, valued at $16,467,942. This represents a 7.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,116 shares of company stock valued at $33,505,935 in the last three months. Company insiders own 2.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, November 11th. UBS Group assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective on the stock. TD Cowen upped their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $531.00.

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.