Mn Services Vermogensbeheer B.V. Decreases Position in Teledyne Technologies Incorporated (NYSE:TDY)

Mn Services Vermogensbeheer B.V. lowered its position in Teledyne Technologies Incorporated (NYSE:TDY) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,100 shares of the scientific and technical instruments company’s stock after selling 400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Teledyne Technologies were worth $7,922,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TDY. Wolff Wiese Magana LLC purchased a new position in Teledyne Technologies during the 3rd quarter valued at about $27,000. American National Bank purchased a new position in shares of Teledyne Technologies during the 2nd quarter worth approximately $28,000. Innealta Capital LLC acquired a new position in shares of Teledyne Technologies during the 2nd quarter worth approximately $28,000. Tortoise Investment Management LLC lifted its stake in Teledyne Technologies by 48.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 24 shares in the last quarter. Finally, Crewe Advisors LLC grew its holdings in Teledyne Technologies by 319.0% during the 2nd quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Vertical Research initiated coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $482.00 to $528.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, TD Cowen upped their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $474.50.

Teledyne Technologies Trading Up 0.3 %

NYSE TDY opened at $459.37 on Wednesday. The company has a market cap of $21.41 billion, a P/E ratio of 23.22, a P/E/G ratio of 3.19 and a beta of 1.01. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $475.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The company has a 50-day moving average of $441.55 and a 200-day moving average of $413.50.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $5.05 earnings per share. Teledyne Technologies’s revenue was up 2.9% on a year-over-year basis. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 19.44 earnings per share for the current year.

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.