JPMorgan Chase & Co. reduced its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 20.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,825 shares of the scientific and technical instruments company’s stock after selling 4,004 shares during the period. JPMorgan Chase & Co.’s holdings in Teledyne Technologies were worth $2,525,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in Teledyne Technologies by 1,204.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,304 shares of the scientific and technical instruments company’s stock valued at $166,000 after purchasing an additional 1,204 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Teledyne Technologies by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock valued at $169,000 after purchasing an additional 177 shares during the last quarter. ETF Managers Group LLC purchased a new position in Teledyne Technologies in the second quarter valued at approximately $181,000. Cetera Investment Advisers purchased a new position in Teledyne Technologies in the second quarter valued at approximately $270,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Teledyne Technologies during the second quarter worth approximately $290,000. Institutional investors own 84.17% of the company’s stock.

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In related news, VP Cynthia Y. Belak sold 4,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $185.19, for a total transaction of $740,760.00. Following the completion of the sale, the vice president now directly owns 6,903 shares of the company’s stock, valued at $1,278,366.57. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Schack Wesley W. Von sold 1,206 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $182.73, for a total value of $220,372.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,364 shares of company stock valued at $4,643,847. Corporate insiders own 3.30% of the company’s stock.

Shares of Teledyne Technologies Incorporated (NYSE:TDY) traded up $0.60 on Monday, hitting $199.49. 142,365 shares of the stock were exchanged, compared to its average volume of 134,540. The company has a current ratio of 1.98, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. Teledyne Technologies Incorporated has a twelve month low of $119.69 and a twelve month high of $201.40. The stock has a market capitalization of $7,047.96, a price-to-earnings ratio of 33.89, a PEG ratio of 3.74 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.34. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. The firm had revenue of $662.20 million during the quarter, compared to the consensus estimate of $656.20 million. During the same period last year, the company earned $1.46 earnings per share. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. analysts expect that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 5th. Jefferies Group raised their target price on shares of Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, Needham & Company LLC raised their target price on shares of Teledyne Technologies from $157.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $180.33.

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Teledyne Technologies Profile

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

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

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