Symmetry Partners LLC Sells 257 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Symmetry Partners LLC lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 11.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,952 shares of the scientific and technical instruments company’s stock after selling 257 shares during the period. Symmetry Partners LLC’s holdings in Teledyne Technologies were worth $757,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Norden Group LLC boosted its position in shares of Teledyne Technologies by 1.2% in the 4th quarter. Norden Group LLC now owns 2,149 shares of the scientific and technical instruments company’s stock worth $959,000 after purchasing an additional 25 shares during the last quarter. Weik Capital Management lifted its holdings in Teledyne Technologies by 0.5% during the fourth quarter. Weik Capital Management now owns 5,390 shares of the scientific and technical instruments company’s stock worth $2,406,000 after acquiring an additional 25 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Teledyne Technologies by 23.1% during the fourth quarter. Van ECK Associates Corp now owns 181 shares of the scientific and technical instruments company’s stock worth $81,000 after acquiring an additional 34 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Teledyne Technologies by 32.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 140 shares of the scientific and technical instruments company’s stock worth $54,000 after acquiring an additional 34 shares in the last quarter. Finally, Czech National Bank lifted its holdings in Teledyne Technologies by 0.5% during the first quarter. Czech National Bank now owns 8,302 shares of the scientific and technical instruments company’s stock worth $3,564,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Cowen lowered their target price on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Bank of America cut Teledyne Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $490.00 to $400.00 in a report on Friday, April 26th. Vertical Research started coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target for the company. Needham & Company LLC boosted their price target on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $474.57.

Teledyne Technologies Stock Performance

Shares of NYSE:TDY traded down $2.58 during mid-day trading on Friday, reaching $407.60. The company had a trading volume of 57,893 shares, compared to its average volume of 252,634. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.86 and a beta of 1.00. The company’s 50-day moving average price is $396.47 and its 200-day moving average price is $407.68. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $448.19.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.09. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.67 EPS. As a group, equities research analysts anticipate that Teledyne Technologies Incorporated will post 19.37 EPS for the current fiscal 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.