Angeles Investment Advisors LLC Cuts Position in Teledyne Technologies Incorporated (NYSE:TDY)

Angeles Investment Advisors LLC lowered its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 6.5% in the third quarter, Holdings Channel.com reports. The fund owned 968 shares of the scientific and technical instruments company’s stock after selling 67 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Teledyne Technologies were worth $424,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

TDY has been the topic of a number of research analyst reports. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $450.00 to $550.00 in a report on Friday, November 8th. TD Cowen increased their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Vertical Research assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Buy” and a consensus target price of $517.50.

Insiders Place Their Bets

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the transaction, the chairman now owns 171,802 shares of the company’s stock, valued at $83,724,268.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.88% of the stock is owned by corporate insiders.

Teledyne Technologies Price Performance

Teledyne Technologies stock traded up $0.12 during midday trading on Wednesday, reaching $487.95. 6,243 shares of the company were exchanged, compared to its average volume of 239,446. The firm’s 50-day simple moving average is $445.88 and its 200-day simple moving average is $416.21. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $492.00. The company has a market capitalization of $22.74 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 3.39 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The business 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 quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.05 earnings per share. On average, analysts anticipate that Teledyne Technologies Incorporated will post 19.44 EPS for the current 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.