HM Payson & Co. Sells 32 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

HM Payson & Co. lowered its position in Teledyne Technologies Incorporated (NYSE:TDY) by 7.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 373 shares of the scientific and technical instruments company’s stock after selling 32 shares during the period. HM Payson & Co.’s holdings in Teledyne Technologies were worth $160,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new stake in Teledyne Technologies in the 4th quarter worth $29,000. NBC Securities Inc. raised its position in shares of Teledyne Technologies by 89.4% during the 1st quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock valued at $38,000 after buying an additional 42 shares in the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of Teledyne Technologies during the 4th quarter valued at about $45,000. Covestor Ltd raised its position in shares of Teledyne Technologies by 131.9% during the 1st quarter. Covestor Ltd now owns 109 shares of the scientific and technical instruments company’s stock valued at $47,000 after buying an additional 62 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC raised its position in shares of Teledyne Technologies by 63.2% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock valued at $49,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 1.9 %

TDY stock traded down $8.00 during mid-day trading on Monday, reaching $402.54. The company had a trading volume of 83,109 shares, compared to its average volume of 253,012. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. The company has a market capitalization of $19.07 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.89 and a beta of 1.00. The firm has a 50 day moving average of $395.60 and a 200 day moving average of $408.13. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm earned $4.67 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, equities analysts predict that Teledyne Technologies Incorporated will post 19.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TDY. Needham & Company LLC upped their target price on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Vertical Research initiated 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 on the stock. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen reduced their price objective on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Bank of America lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $474.57.

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.