Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by 17 Capital Partners LLC

17 Capital Partners LLC cut its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,568 shares of the scientific and technical instruments company’s stock after selling 54 shares during the quarter. 17 Capital Partners LLC’s holdings in Teledyne Technologies were worth $1,124,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its stake 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 acquiring an additional 24 shares in the last quarter. Crumly & Associates Inc. increased its position in shares of Teledyne Technologies by 3.8% in the third quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company’s stock valued at $296,000 after buying an additional 25 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Teledyne Technologies by 4.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company’s stock worth $298,000 after buying an additional 26 shares during the last quarter. Summit Trail Advisors LLC boosted its position in shares of Teledyne Technologies by 3.9% in the 2nd quarter. Summit Trail Advisors LLC now owns 720 shares of the scientific and technical instruments company’s stock worth $279,000 after buying an additional 27 shares in the last quarter. Finally, Linscomb Wealth Inc. grew its stake in Teledyne Technologies by 4.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 695 shares of the scientific and technical instruments company’s stock valued at $270,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 2.4 %

Shares of TDY stock opened at $489.24 on Friday. The firm’s 50-day simple moving average is $444.79 and its 200-day simple moving average is $415.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $492.00. The firm has a market cap of $22.80 billion, a P/E ratio of 24.73, a PEG ratio of 3.43 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. Teledyne Technologies’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $5.05 EPS. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 19.44 EPS for the current year.

Analyst Ratings Changes

TDY has been the subject of several research reports. TD Cowen lifted their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $450.00 to $550.00 in a research note on Friday. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Vertical Research started coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price on the stock. Finally, Needham & Company LLC boosted their price target on Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $512.00.

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.