Walter Public Investments Inc. Decreases Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Walter Public Investments Inc. lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 48.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,056 shares of the scientific and technical instruments company’s stock after selling 16,650 shares during the period. Walter Public Investments Inc.’s holdings in Teledyne Technologies were worth $7,005,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Teledyne Technologies by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 5,534,111 shares of the scientific and technical instruments company’s stock worth $2,375,905,000 after purchasing an additional 16,189 shares during the period. Janus Henderson Group PLC raised its stake in shares of Teledyne Technologies by 3.2% in the first quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock valued at $676,041,000 after buying an additional 48,397 shares during the period. King Luther Capital Management Corp lifted its position in shares of Teledyne Technologies by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 613,023 shares of the scientific and technical instruments company’s stock valued at $273,586,000 after buying an additional 9,843 shares during the last quarter. Norges Bank purchased a new stake in Teledyne Technologies in the 4th quarter worth about $243,111,000. Finally, Northern Trust Corp raised its stake in Teledyne Technologies by 1.9% in the 4th quarter. Northern Trust Corp now owns 519,334 shares of the scientific and technical instruments company’s stock valued at $231,774,000 after acquiring an additional 9,455 shares during the period. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 0.0 %

TDY opened at $427.75 on Monday. The firm has a market capitalization of $20.27 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 3.00 and a beta of 1.02. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $448.19. The company has a fifty day moving average price of $413.34 and a 200-day moving average price of $406.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping the consensus estimate of $4.49 by $0.09. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. During the same period in the previous year, the business earned $4.67 earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis. Equities research analysts expect that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TDY has been the subject of several recent research reports. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Vertical Research assumed coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $471.17.

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.