First Hawaiian Bank cut its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 79.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 231 shares of the scientific and technical instruments company’s stock after selling 893 shares during the quarter. First Hawaiian Bank’s holdings in Teledyne Technologies were worth $55,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Penserra Capital Management LLC bought a new stake in Teledyne Technologies during the fourth quarter valued at about $36,000. O Shaughnessy Asset Management LLC raised its holdings in Teledyne Technologies by 32.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 218 shares of the scientific and technical instruments company’s stock valued at $45,000 after acquiring an additional 54 shares during the period. Nikko Asset Management Americas Inc. raised its holdings in Teledyne Technologies by 205.4% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 281 shares of the scientific and technical instruments company’s stock valued at $58,000 after acquiring an additional 189 shares during the period. Riverview Trust Co bought a new stake in Teledyne Technologies during the fourth quarter valued at about $86,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Teledyne Technologies during the fourth quarter valued at about $207,000. 84.73% of the stock is currently owned by institutional investors and hedge funds.

TDY opened at $251.79 on Monday. The stock has a market capitalization of $9.05 billion, a P/E ratio of 28.35, a P/E/G ratio of 3.55 and a beta of 1.10. Teledyne Technologies Incorporated has a 12 month low of $177.68 and a 12 month high of $252.29. The company has a quick ratio of 1.04, a current ratio of 1.55 and a debt-to-equity ratio of 0.27.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, January 23rd. The scientific and technical instruments company reported $2.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.27. The company had revenue of $748.40 million during the quarter, compared to analyst estimates of $728.04 million. Teledyne Technologies had a return on equity of 14.97% and a net margin of 11.50%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $1.82 earnings per share. Analysts anticipate that Teledyne Technologies Incorporated will post 9.38 earnings per share for the current year.

In other Teledyne Technologies news, insider Robert Mehrabian sold 8,316 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $220.00, for a total transaction of $1,829,520.00. Following the completion of the transaction, the insider now owns 191,469 shares in the company, valued at $42,123,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP George C. Bobb III sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $225.00, for a total value of $1,350,000.00. The disclosure for this sale can be found here. Insiders have sold 41,003 shares of company stock valued at $9,212,822 in the last 90 days. Company insiders own 3.19% of the company’s stock.

A number of brokerages have recently weighed in on TDY. Cowen began coverage on Teledyne Technologies in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $265.00 price objective for the company. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $257.00 price target for the company in a research report on Tuesday, March 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $248.00 price target (up previously from $240.00) on shares of Teledyne Technologies in a research report on Friday, March 15th.

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About Teledyne Technologies

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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