Xponance Inc. Sells 104 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Xponance Inc. lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,105 shares of the scientific and technical instruments company’s stock after selling 104 shares during the period. Xponance Inc.’s holdings in Teledyne Technologies were worth $3,039,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TDY. Golden State Wealth Management LLC lifted its position in shares of Teledyne Technologies by 205.9% during the 1st quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 35 shares during the period. Quarry LP acquired a new position in shares of Teledyne Technologies during the 4th quarter valued at $28,000. NBC Securities Inc. acquired a new position in shares of Teledyne Technologies during the 1st quarter valued at $28,000. Hurley Capital LLC acquired a new position in shares of Teledyne Technologies during the 4th quarter valued at $33,000. Finally, Ancora Advisors LLC lifted its position in shares of Teledyne Technologies by 192.3% during the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TDY shares. Wall Street Zen upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. TD Securities restated a “buy” rating and set a $550.00 price objective on shares of Teledyne Technologies in a report on Thursday, April 24th. Bank of America upped their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Stifel Nicolaus started coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They set a “buy” rating and a $626.00 price objective on the stock. Finally, Needham & Company LLC lowered their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teledyne Technologies has an average rating of “Buy” and a consensus target price of $554.43.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $530.39 on Monday. The firm has a 50-day moving average of $497.98 and a 200-day moving average of $488.71. The company has a market cap of $24.85 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.49 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.19 and a quick ratio of 1.44. Teledyne Technologies Incorporated has a one year low of $391.58 and a one year high of $534.50.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.92 by $0.03. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a net margin of 14.37% and a return on equity of 9.95%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.55 earnings per share. Equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal 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.