Teledyne Technologies Incorporated (NYSE:TDY) Stock Position Lowered by Cwm LLC

Cwm LLC cut its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 505 shares of the scientific and technical instruments company’s stock after selling 45 shares during the period. Cwm LLC’s holdings in Teledyne Technologies were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TDY. Exchange Traded Concepts LLC acquired a new stake in shares of Teledyne Technologies during the third quarter worth $52,000. Commonwealth Equity Services LLC raised its position in shares of Teledyne Technologies by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 14,349 shares of the scientific and technical instruments company’s stock worth $5,863,000 after purchasing an additional 119 shares during the period. Xponance Inc. raised its position in shares of Teledyne Technologies by 1.8% during the third quarter. Xponance Inc. now owns 6,116 shares of the scientific and technical instruments company’s stock worth $2,499,000 after purchasing an additional 108 shares during the period. Raymond James & Associates raised its position in Teledyne Technologies by 21.2% during the third quarter. Raymond James & Associates now owns 87,634 shares of the scientific and technical instruments company’s stock valued at $35,806,000 after buying an additional 15,342 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in Teledyne Technologies by 24.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock valued at $1,070,000 after buying an additional 507 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Needham & Company LLC dropped their price target on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. TD Cowen dropped their price target on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Bank of America downgraded Teledyne Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $490.00 to $400.00 in a research note on Friday, April 26th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $470.83.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $385.34 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 2.64 and a beta of 1.04. The business’s 50-day simple moving average is $411.71 and its 200-day simple moving average is $413.52. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $448.19.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.53 EPS. As a group, equities research analysts expect that Teledyne Technologies Incorporated will post 19.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the sale, the director now owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.14% of the company’s stock.

Teledyne Technologies 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.