Angeles Investment Advisors LLC Sells 117 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Angeles Investment Advisors LLC reduced its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 10.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,035 shares of the scientific and technical instruments company’s stock after selling 117 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Teledyne Technologies were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Teledyne Technologies by 0.3% during the first quarter. Vanguard Group Inc. now owns 5,534,111 shares of the scientific and technical instruments company’s stock valued at $2,375,905,000 after acquiring an additional 16,189 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Teledyne Technologies by 3.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock worth $676,041,000 after buying an additional 48,397 shares during the period. King Luther Capital Management Corp grew its position in shares of Teledyne Technologies by 1.6% in the 4th quarter. King Luther Capital Management Corp now owns 613,023 shares of the scientific and technical instruments company’s stock worth $273,586,000 after buying an additional 9,843 shares during the last quarter. Norges Bank bought a new stake in shares of Teledyne Technologies in the 4th quarter worth approximately $243,111,000. Finally, Northern Trust Corp increased its stake in shares of Teledyne Technologies by 1.9% during the fourth quarter. Northern Trust Corp now owns 519,334 shares of the scientific and technical instruments company’s stock valued at $231,774,000 after buying an additional 9,455 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

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

Teledyne Technologies Trading Up 0.0 %

Shares of NYSE TDY opened at $427.75 on Monday. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $448.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. The firm has a 50-day moving average of $413.34 and a 200 day moving average of $406.05. The stock has a market cap of $20.27 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 3.00 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the business earned $4.67 earnings per share. The business’s revenue was down 3.8% on a year-over-year basis. As a group, sell-side analysts expect that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal year.

About Teledyne Technologies

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.