Defender Capital LLC. Has $16.46 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

Defender Capital LLC. reduced its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,616 shares of the scientific and technical instruments company’s stock after selling 2,590 shares during the quarter. Teledyne Technologies accounts for about 5.5% of Defender Capital LLC.’s holdings, making the stock its 9th biggest holding. Defender Capital LLC. owned approximately 0.08% of Teledyne Technologies worth $16,463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TDY. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Teledyne Technologies by 17.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock worth $480,355,000 after buying an additional 186,849 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Teledyne Technologies by 235.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock worth $48,593,000 after buying an additional 87,925 shares during the last quarter. Maren Capital LLC lifted its position in shares of Teledyne Technologies by 37.2% during the 1st quarter. Maren Capital LLC now owns 254,245 shares of the scientific and technical instruments company’s stock worth $109,152,000 after buying an additional 68,940 shares during the last quarter. Millennium Management LLC lifted its position in shares of Teledyne Technologies by 88.4% during the 2nd quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company’s stock worth $49,565,000 after buying an additional 59,942 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Teledyne Technologies by 3.2% during 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 last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Needham & Company LLC upped their target price on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Vertical Research assumed coverage on Teledyne Technologies in a report 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $450.50.

Teledyne Technologies Price Performance

Shares of TDY opened at $447.14 on Tuesday. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $458.15. The business has a 50-day simple moving average of $431.86 and a two-hundred day simple moving average of $409.13. 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 stock has a market cap of $20.92 billion, a PE ratio of 24.31, a PEG ratio of 3.16 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.09. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.67 earnings per share. Analysts anticipate that Teledyne Technologies Incorporated will post 19.43 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.