Teledyne Technologies Incorporated (NYSE:TDY) Position Lessened by Valicenti Advisory Services Inc.

Valicenti Advisory Services Inc. trimmed its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,406 shares of the scientific and technical instruments company’s stock after selling 58 shares during the period. Valicenti Advisory Services Inc.’s holdings in Teledyne Technologies were worth $3,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wolff Wiese Magana LLC acquired a new position in Teledyne Technologies during the third quarter worth $27,000. American National Bank acquired a new position in Teledyne Technologies during the second quarter worth $28,000. Innealta Capital LLC acquired a new position in Teledyne Technologies during the second quarter worth $28,000. Tortoise Investment Management LLC increased its position in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 24 shares during the last quarter. Finally, Crewe Advisors LLC increased its position in Teledyne Technologies by 319.0% during the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 67 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on TDY shares. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $482.00 to $528.00 and gave the stock a “buy” rating in a research report on Thursday. Vertical Research started coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target on the stock. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen raised their price target on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday. One 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $474.50.

Teledyne Technologies Trading Up 0.6 %

Shares of NYSE:TDY opened at $472.86 on Friday. The company has a market cap of $22.12 billion, a P/E ratio of 25.71, a P/E/G ratio of 3.11 and a beta of 1.01. The stock’s 50-day moving average is $434.94 and its 200-day moving average is $410.18. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $474.14. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98.

Teledyne Technologies (NYSE:TDY) last released its 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 return on equity of 10.27% and a net margin of 15.86%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the business earned $5.05 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts predict that Teledyne Technologies Incorporated will post 19.43 earnings per share 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.