Amalgamated Bank Trims Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Amalgamated Bank trimmed its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,595 shares of the scientific and technical instruments company’s stock after selling 134 shares during the quarter. Amalgamated Bank’s holdings in Teledyne Technologies were worth $3,723,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TDY. Private Advisor Group LLC acquired a new position in Teledyne Technologies in the fourth quarter valued at approximately $214,000. UBS Group AG increased its holdings in shares of Teledyne Technologies by 264.5% during the 4th quarter. UBS Group AG now owns 58,834 shares of the scientific and technical instruments company’s stock valued at $26,257,000 after purchasing an additional 42,691 shares in the last quarter. Coldstream Capital Management Inc. acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at $239,000. Corient Private Wealth LLC boosted its holdings in Teledyne Technologies by 5.3% during the fourth quarter. Corient Private Wealth LLC now owns 4,209 shares of the scientific and technical instruments company’s stock worth $1,878,000 after buying an additional 210 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Teledyne Technologies by 3.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 12,497 shares of the scientific and technical instruments company’s stock valued at $5,577,000 after buying an additional 468 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TDY shares. Vertical Research assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective for the company. StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Finally, Needham & Company LLC raised their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $471.17.

Teledyne Technologies Trading Down 1.0 %

TDY stock opened at $432.13 on Monday. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19. The business’s 50-day moving average is $417.58 and its 200 day moving average is $406.21. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. The stock has a market cap of $20.47 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 3.01 and a beta of 1.02.

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