Hartford Investment Management Co. Sells 92 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Hartford Investment Management Co. decreased its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,946 shares of the scientific and technical instruments company’s stock after selling 92 shares during the quarter. Hartford Investment Management Co.’s holdings in Teledyne Technologies were worth $1,289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TDY. Wolff Wiese Magana LLC bought a new position in Teledyne Technologies in the third quarter valued at approximately $27,000. American National Bank acquired a new position in Teledyne Technologies during the second quarter worth $28,000. Innealta Capital LLC bought a new stake in Teledyne Technologies during the second quarter worth $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 grew its position in shares of 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 acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 0.8 %

Shares of TDY stock opened at $469.19 on Friday. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $475.73. The company has a market capitalization of $21.95 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 3.11 and a beta of 1.01. The firm has a 50 day moving average price of $435.99 and a two-hundred day moving average price of $410.56. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm posted $5.05 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, analysts predict that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TDY shares. Vertical Research started coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price on the stock. TD Cowen raised their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday. Needham & Company LLC boosted their target price on Teledyne Technologies from $482.00 to $528.00 and gave the stock a “buy” rating in a report on Thursday. Finally, StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $474.50.

About Teledyne Technologies

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.