Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,853 shares of the scientific and technical instruments company’s stock after selling 656 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Teledyne Technologies were worth $5,188,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Wolff Wiese Magana LLC acquired a new position in Teledyne Technologies in the third quarter valued at $27,000. American National Bank purchased a new position in shares of Teledyne Technologies in the 2nd quarter worth about $28,000. Innealta Capital LLC acquired a new position in shares of Teledyne Technologies in the 2nd quarter valued at about $28,000. Tortoise Investment Management LLC grew its holdings in shares of Teledyne Technologies by 48.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 24 shares during the period. Finally, Crewe Advisors LLC increased its position in Teledyne Technologies by 319.0% during the 2nd quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 67 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TDY shares. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $482.00 to $528.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. TD Cowen upped their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Vertical Research started coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $474.50.

Teledyne Technologies Stock Down 1.3 %

Shares of NYSE TDY opened at $455.62 on Friday. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $475.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 3.29 and a beta of 1.01. The stock’s 50-day simple moving average is $438.75 and its 200-day simple moving average is $411.83.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping the consensus estimate 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 company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.05 EPS. As a group, equities analysts anticipate that Teledyne Technologies Incorporated will post 19.42 earnings per share for the current fiscal year.

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.