Teledyne Technologies Incorporated $TDY Stock: Kestra Private Wealth Services LLC Trims Position

Kestra Private Wealth Services LLC decreased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 74.2% during the third quarter, Holdings Channel reports. The fund owned 476 shares of the scientific and technical instruments company’s stock after selling 1,368 shares during the period. Kestra Private Wealth Services LLC’s holdings in Teledyne Technologies were worth $289,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Teledyne Technologies in the 2nd quarter valued at approximately $2,751,121,000. Jupiter Topco LLC purchased a new stake in Teledyne Technologies in the second quarter worth $1,027,237,000. Bank of America Corp DE purchased a new stake in Teledyne Technologies in the second quarter worth $406,938,000. Findlay Park Partners LLP purchased a new stake in Teledyne Technologies in the second quarter worth $277,363,000. Finally, Maren Capital LLC raised its holdings in Teledyne Technologies by 4.1% in the second quarter. Maren Capital LLC now owns 376,928 shares of the scientific and technical instruments company’s stock worth $251,373,000 after purchasing an additional 14,806 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays raised their price objective on Teledyne Technologies from $640.00 to $646.00 and gave the company an “equal weight” rating in a research report on Monday, October 26th. Needham & Company LLC increased their price target on shares of Teledyne Technologies from $760.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Morgan Stanley lifted their price target on shares of Teledyne Technologies from $715.00 to $725.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 3rd. Zacks Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Stifel Nicolaus upped their price objective on shares of Teledyne Technologies from $775.00 to $795.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $731.83.

Get Our Latest Research Report on TDY

Teledyne Technologies Trading Down 0.1%

Shares of NYSE TDY opened at $617.89 on Monday. The firm’s 50 day moving average price is $618.57 and its 200-day moving average price is $634.72. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 2.31. The company has a market cap of $28.45 billion, a PE ratio of 28.24, a P/E/G ratio of 2.28 and a beta of 0.89.

Teledyne Technologies (NYSE:TDY – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $6.17 by $0.55. Teledyne Technologies had a net margin of 15.75% and a return on equity of 10.89%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm earned $5.57 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts expect that Teledyne Technologies Incorporated will post 25.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Teledyne Technologies news, Director Simon Lorne sold 6,449 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the sale, the director directly owned 55,783 shares in the company, valued at approximately $37,951,406.22. This trade represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.36% of the company’s stock.

About Teledyne Technologies

(Free Report)

Teledyne Technologies is an industrial technology company that develops and manufactures instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products and services support applications including environmental monitoring, marine research, scientific imaging, and industrial inspection.

The company’s businesses include sensors and monitoring instruments, cameras and imaging systems, electronic components, and specialized engineering and manufacturing services.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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