Dai ichi Life Insurance Company Ltd Sells 954 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Dai ichi Life Insurance Company Ltd lessened its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 60.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 628 shares of the scientific and technical instruments company’s stock after selling 954 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Teledyne Technologies were worth $280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in Teledyne Technologies during the fourth quarter valued at about $28,000. CVA Family Office LLC purchased a new stake in shares of Teledyne Technologies during the 4th quarter valued at approximately $31,000. Anchor Investment Management LLC bought a new position in Teledyne Technologies in the 4th quarter worth approximately $45,000. Cary Street Partners Investment Advisory LLC purchased a new position in Teledyne Technologies in the 3rd quarter valued at approximately $44,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its holdings in Teledyne Technologies by 63.2% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock valued at $49,000 after acquiring an additional 43 shares during the period. Institutional investors own 91.58% of the company’s stock.

Insider Activity

In related news, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the transaction, the director now owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.14% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE:TDY traded up $1.51 on Friday, hitting $402.49. The company’s stock had a trading volume of 140,014 shares, compared to its average volume of 270,302. The company has a market capitalization of $19.07 billion, a PE ratio of 21.77, a PEG ratio of 2.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29. The company has a 50-day simple moving average of $404.23 and a 200 day simple moving average of $415.35. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $448.19.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the business earned $4.53 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Sell-side analysts forecast that Teledyne Technologies Incorporated will post 19.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. TD Cowen cut their price target on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, April 25th. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Needham & Company LLC decreased their price target on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Bank of America lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $490.00 to $400.00 in a research report on Friday, April 26th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $470.83.

Teledyne Technologies 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.