First Hawaiian Bank Sells 75 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

First Hawaiian Bank trimmed its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,644 shares of the scientific and technical instruments company’s stock after selling 75 shares during the quarter. First Hawaiian Bank’s holdings in Teledyne Technologies were worth $1,691,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fulton Bank N.A. boosted its stake in Teledyne Technologies by 14.9% in the fourth quarter. Fulton Bank N.A. now owns 1,415 shares of the scientific and technical instruments company’s stock valued at $657,000 after acquiring an additional 183 shares in the last quarter. One Wealth Capital Management LLC acquired a new position in shares of Teledyne Technologies during the fourth quarter worth $233,000. GAMMA Investing LLC lifted its holdings in shares of Teledyne Technologies by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 801 shares of the scientific and technical instruments company’s stock valued at $372,000 after purchasing an additional 212 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after purchasing an additional 64,617 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Teledyne Technologies by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 55,849 shares of the scientific and technical instruments company’s stock worth $24,443,000 after buying an additional 915 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 1,500 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $488.71, for a total value of $733,065.00. Following the completion of the transaction, the insider now directly owns 2,900 shares in the company, valued at $1,417,259. The trade was a 34.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Robert Mehrabian sold 3,925 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the sale, the chairman now owns 171,802 shares in the company, valued at approximately $84,268,881. This represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,525 shares of company stock worth $26,080,464 over the last quarter. 2.14% of the stock is currently owned by insiders.

Teledyne Technologies Stock Performance

TDY opened at $461.96 on Thursday. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $492.00. The firm has a 50 day moving average of $472.28 and a two-hundred day moving average of $439.26. The firm has a market capitalization of $21.53 billion, a PE ratio of 23.35, a P/E/G ratio of 3.30 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $5.05 earnings per share. On average, analysts anticipate that Teledyne Technologies Incorporated will post 19.45 EPS for the current year.

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.