DekaBank Deutsche Girozentrale Sells 3,858 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

DekaBank Deutsche Girozentrale decreased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 57.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,822 shares of the scientific and technical instruments company’s stock after selling 3,858 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Teledyne Technologies were worth $1,084,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TDY. Private Advisor Group LLC purchased a new position in shares of Teledyne Technologies in the fourth quarter worth about $214,000. UBS Group AG grew its stake in Teledyne Technologies by 264.5% in the 4th quarter. UBS Group AG now owns 58,834 shares of the scientific and technical instruments company’s stock valued at $26,257,000 after buying an additional 42,691 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in Teledyne Technologies during the 4th quarter valued at $239,000. Corient Private Wealth LLC lifted its position in shares of Teledyne Technologies by 5.3% during the fourth quarter. Corient Private Wealth LLC now owns 4,209 shares of the scientific and technical instruments company’s stock worth $1,878,000 after acquiring an additional 210 shares in the last quarter. Finally, TCW Group Inc. boosted its holdings in shares of Teledyne Technologies by 3.8% in the fourth quarter. TCW Group Inc. now owns 20,437 shares of the scientific and technical instruments company’s stock worth $9,119,000 after acquiring an additional 740 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 2.4 %

Shares of NYSE TDY opened at $436.88 on Friday. The business has a 50-day moving average of $416.82 and a 200-day moving average of $406.44. The firm has a market capitalization of $20.44 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 3.01 and a beta of 1.02. The company has a current ratio of 1.98, a quick ratio of 1.28 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 $448.19.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm earned $4.67 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. Sell-side analysts expect that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Needham & Company LLC increased their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Vertical Research initiated coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $471.17.

Teledyne Technologies Company 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.