Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Private Advisor Group LLC
Private Advisor Group LLC reduced its position in Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 747 shares of the scientific and technical instruments company’s stock after selling 49 shares during the quarter. Private Advisor Group LLC’s holdings in Teledyne Technologies were worth $280,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. grew its position in Teledyne Technologies by 7.5% in the 1st quarter. Federated Hermes Inc. now owns 431 shares of the scientific and technical instruments company’s stock valued at $204,000 after acquiring an additional 30 shares in the last quarter. Intercontinental Wealth Advisors LLC grew its position in shares of Teledyne Technologies by 5.1% during the first quarter. Intercontinental Wealth Advisors LLC now owns 704 shares of the scientific and technical instruments company’s stock worth $333,000 after buying an additional 34 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Teledyne Technologies by 1.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,860 shares of the scientific and technical instruments company’s stock worth $1,824,000 after buying an additional 40 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Teledyne Technologies by 1.0% during the first quarter. CIBC Asset Management Inc now owns 4,312 shares of the scientific and technical instruments company’s stock worth $2,038,000 after buying an additional 41 shares in the last quarter. Finally, Cooper Financial Group grew its position in shares of Teledyne Technologies by 8.8% during the second quarter. Cooper Financial Group now owns 567 shares of the scientific and technical instruments company’s stock worth $213,000 after buying an additional 46 shares in the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.
Teledyne Technologies Price Performance
TDY stock opened at $340.13 on Friday. The business has a 50 day moving average price of $376.33 and a 200 day moving average price of $400.55. The stock has a market cap of $15.94 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.30 and a beta of 1.06. Teledyne Technologies Incorporated has a fifty-two week low of $337.06 and a fifty-two week high of $493.97. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.46.
Teledyne Technologies (NYSE:TDY – Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The scientific and technical instruments company reported $4.43 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $0.05. Teledyne Technologies had a return on equity of 10.93% and a net margin of 12.67%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the business earned $4.61 earnings per share. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 17.61 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on TDY shares. Needham & Company LLC lowered their price objective on Teledyne Technologies from $520.00 to $472.00 and set a “buy” rating for the company in a research report on Thursday, July 28th. TheStreet upgraded Teledyne Technologies from a “c+” rating to a “b-” rating in a research note on Friday, August 5th. Finally, Morgan Stanley decreased their target price on Teledyne Technologies from $470.00 to $445.00 and set an “underweight” rating for the company in a research note on Tuesday, August 16th.
Teledyne Technologies Company Profile
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Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. 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.
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