Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Park Place Capital Corp

Park Place Capital Corp lessened its position in Teledyne Technologies Incorporated (NYSE:TDY) by 34.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 202 shares of the scientific and technical instruments company’s stock after selling 107 shares during the period. Park Place Capital Corp’s holdings in Teledyne Technologies were worth $78,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Teledyne Technologies during the fourth quarter valued at $243,111,000. Maren Capital LLC acquired a new stake in shares of Teledyne Technologies in the 4th quarter worth approximately $82,700,000. Public Sector Pension Investment Board boosted its holdings in shares of Teledyne Technologies by 1,755.0% in the fourth quarter. Public Sector Pension Investment Board now owns 93,325 shares of the scientific and technical instruments company’s stock valued at $41,650,000 after acquiring an additional 88,294 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Teledyne Technologies by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 5,517,922 shares of the scientific and technical instruments company’s stock valued at $2,462,593,000 after acquiring an additional 77,890 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Teledyne Technologies by 37,167.5% during the fourth quarter. International Assets Investment Management LLC now owns 72,299 shares of the scientific and technical instruments company’s stock worth $32,266,000 after purchasing an additional 72,105 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Trading Down 1.8 %

Shares of TDY stock traded down $7.64 during trading hours on Friday, reaching $410.54. 328,712 shares of the stock traded hands, compared to its average volume of 307,929. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $19.21 billion, a PE ratio of 22.20, a PEG ratio of 2.94 and a beta of 1.00. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $448.19. The business has a fifty day moving average price of $395.60 and a 200 day moving average price of $408.25.

Teledyne Technologies (NYSE:TDY) last announced 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. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The company’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.67 EPS. On average, equities research analysts forecast that Teledyne Technologies Incorporated will post 19.37 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America downgraded Teledyne Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $490.00 to $400.00 in a research note on Friday, April 26th. TD Cowen cut their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Vertical Research started coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective on the stock. Needham & Company LLC increased their target price on shares of 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $474.57.

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.