Sterling Capital Management LLC cut its holdings in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 43.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,566 shares of the scientific and technical instruments company’s stock after selling 1,190 shares during the quarter. Sterling Capital Management LLC’s holdings in Teledyne Technologies were worth $947,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Personal CFO Solutions LLC grew its stake in shares of Teledyne Technologies by 2.0% in the 4th quarter. Personal CFO Solutions LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $413,000 after purchasing an additional 16 shares during the last quarter. US Asset Management LLC lifted its stake in Teledyne Technologies by 3.5% during the fourth quarter. US Asset Management LLC now owns 508 shares of the scientific and technical instruments company’s stock valued at $259,000 after purchasing an additional 17 shares during the last quarter. Modera Wealth Management LLC boosted its holdings in Teledyne Technologies by 1.2% during the fourth quarter. Modera Wealth Management LLC now owns 1,519 shares of the scientific and technical instruments company’s stock worth $776,000 after buying an additional 18 shares in the last quarter. CENTRAL TRUST Co grew its position in Teledyne Technologies by 24.3% in the first quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company’s stock worth $56,000 after buying an additional 18 shares during the last quarter. Finally, Cresset Asset Management LLC grew its position in Teledyne Technologies by 2.5% in the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock worth $425,000 after buying an additional 20 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.
Teledyne Technologies Trading Up 4.2%
NYSE TDY opened at $667.97 on Wednesday. The firm’s 50 day moving average price is $627.21 and its two-hundred day moving average price is $614.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.16 and a current ratio of 1.76. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $693.38. The stock has a market cap of $30.95 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 3.08 and a beta of 0.94.
Analyst Ratings Changes
A number of equities research analysts have recently commented on TDY shares. Citigroup increased their price objective on Teledyne Technologies from $649.00 to $677.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Morgan Stanley boosted their target price on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a report on Friday, May 22nd. Stifel Nicolaus increased their price target on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Needham & Company LLC lifted their price target on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average price target of $693.71.
Check Out Our Latest Report on Teledyne Technologies
About Teledyne Technologies
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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