Intech Investment Management LLC Has $2.40 Million Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Intech Investment Management LLC lessened its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.2% in the first quarter, Holdings Channel.com reports. The fund owned 5,597 shares of the scientific and technical instruments company’s stock after selling 246 shares during the quarter. Intech Investment Management LLC’s holdings in Teledyne Technologies were worth $2,403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Teledyne Technologies by 60.1% in the 3rd quarter. Wellington Management Group LLP now owns 5,565 shares of the scientific and technical instruments company’s stock valued at $2,274,000 after acquiring an additional 2,088 shares during the period. Raymond James Trust N.A. bought a new stake in shares of Teledyne Technologies during the fourth quarter worth $202,000. Mutual Advisors LLC lifted its holdings in Teledyne Technologies by 6.5% during the 4th quarter. Mutual Advisors LLC now owns 782 shares of the scientific and technical instruments company’s stock worth $349,000 after buying an additional 48 shares during the period. Valicenti Advisory Services Inc. raised its stake in Teledyne Technologies by 2.8% during the fourth quarter. Valicenti Advisory Services Inc. now owns 9,005 shares of the scientific and technical instruments company’s stock worth $4,019,000 after buying an additional 242 shares during the last quarter. Finally, CVA Family Office LLC acquired a new position in Teledyne Technologies in the fourth quarter valued at approximately $31,000. 91.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on TDY shares. Bank of America downgraded Teledyne Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $490.00 to $400.00 in a research note on Friday, April 26th. TD Cowen lowered their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Needham & Company LLC lowered their price objective on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $470.83.

Teledyne Technologies Price Performance

Shares of NYSE TDY traded down $6.19 during midday trading on Friday, reaching $392.93. 414,013 shares of the stock traded hands, compared to its average volume of 253,047. The stock has a market capitalization of $18.62 billion, a PE ratio of 21.25, a P/E/G ratio of 2.77 and a beta of 1.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29. The company’s 50 day moving average is $393.10 and its 200 day moving average is $409.92. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $448.19.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing the consensus estimate of $4.63 by ($0.08). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.53 earnings per share. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 19.34 earnings per share for the current year.

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.