Teledyne Technologies Incorporated $TDY Stock: Walter Public Investments Inc. Lowers Holdings

Walter Public Investments Inc. decreased its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 8.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,703 shares of the scientific and technical instruments company’s stock after selling 1,636 shares during the period. Teledyne Technologies makes up 2.4% of Walter Public Investments Inc.’s portfolio, making the stock its 14th largest holding. Walter Public Investments Inc.’s holdings in Teledyne Technologies were worth $10,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new position in Teledyne Technologies during the 1st quarter valued at $27,000. Elevation Wealth Partners LLC boosted its holdings in Teledyne Technologies by 1,025.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 45 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 41 shares during the period. Allied Private Wealth LLC acquired a new stake in Teledyne Technologies in the 2nd quarter worth $28,000. Trust Co. of Vermont acquired a new stake in Teledyne Technologies in the 2nd quarter worth $28,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in Teledyne Technologies in the 3rd quarter worth $28,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $650.80 on Thursday. The firm has a market capitalization of $29.96 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.38 and a beta of 0.89. Teledyne Technologies Incorporated has a one year low of $483.02 and a one year high of $697.67. The business has a fifty day simple moving average of $620.48 and a 200 day simple moving average of $635.15. The company has a current ratio of 2.31, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 earnings per share for the quarter, topping analysts’ consensus estimates of $6.17 by $0.55. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Teledyne Technologies had a net margin of 15.75% and a return on equity of 10.89%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.57 earnings per share. Sell-side analysts expect that Teledyne Technologies Incorporated will post 25.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TDY shares. Weiss Ratings upgraded shares of Teledyne Technologies from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 29th. Stifel Nicolaus increased their target price on shares of Teledyne Technologies from $775.00 to $795.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Morgan Stanley increased their target price on shares of Teledyne Technologies from $715.00 to $725.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 3rd. Barclays lifted their target price on Teledyne Technologies from $640.00 to $646.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. Finally, Zacks Research lowered Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $731.83.

Teledyne Technologies Company Profile

Teledyne Technologies is an industrial technology company that develops and manufactures instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products and services support applications including environmental monitoring, marine research, scientific imaging, and industrial inspection. The company’s businesses include sensors and monitoring instruments, cameras and imaging systems, electronic components, and specialized engineering and manufacturing services.