Teledyne Technologies Incorporated (NYSE:TDY) Stock Holdings Decreased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC cut its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,568 shares of the scientific and technical instruments company’s stock after selling 25 shares during the period. Foundations Investment Advisors LLC’s holdings in Teledyne Technologies were worth $1,562,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDY. Wolff Wiese Magana LLC acquired a new stake in Teledyne Technologies in the third quarter valued at approximately $27,000. American National Bank acquired a new stake in Teledyne Technologies in the second quarter valued at approximately $28,000. Innealta Capital LLC acquired a new stake in Teledyne Technologies in the second quarter valued at approximately $28,000. Tortoise Investment Management LLC lifted its stake in Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after acquiring an additional 24 shares during the last quarter. Finally, Crewe Advisors LLC lifted its stake in Teledyne Technologies by 319.0% in the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 67 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TDY. 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 target price for the company. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock 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 note on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $450.50.

Teledyne Technologies Trading Up 6.0 %

Shares of TDY stock opened at $469.94 on Thursday. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $470.84. The firm’s fifty day simple moving average is $433.75 and its 200 day simple moving average is $409.74. The firm has a market capitalization of $22.27 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 3.16 and a beta of 1.01. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28.

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, topping analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm posted $4.67 earnings per share. Teledyne Technologies’s revenue was down 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 19.43 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.