Strategic Wealth Partners Ltd. Sells 188 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Strategic Wealth Partners Ltd. trimmed its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDYGet Rating) by 7.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,201 shares of the scientific and technical instruments company’s stock after selling 188 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Teledyne Technologies were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of TDY. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Teledyne Technologies in the 1st quarter valued at about $35,000. Aaron Wealth Advisors LLC bought a new stake in shares of Teledyne Technologies in the 1st quarter valued at about $72,000. Okabena Investment Services Inc. bought a new stake in shares of Teledyne Technologies in the 4th quarter valued at about $80,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Teledyne Technologies by 214.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 176 shares of the scientific and technical instruments company’s stock valued at $83,000 after buying an additional 120 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new stake in shares of Teledyne Technologies in the 1st quarter valued at about $114,000. 89.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Morgan Stanley lowered their target price on shares of Teledyne Technologies from $470.00 to $445.00 and set an “underweight” rating for the company in a research note on Tuesday, August 16th. Needham & Company LLC lowered their target price on shares of Teledyne Technologies from $520.00 to $472.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Finally, TheStreet upgraded shares of Teledyne Technologies from a “c+” rating to a “b-” rating in a research note on Friday, August 5th.

Teledyne Technologies Stock Performance

TDY opened at $380.21 on Thursday. Teledyne Technologies Incorporated has a 12-month low of $344.66 and a 12-month high of $493.97. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $17.82 billion, a PE ratio of 26.68, a P/E/G ratio of 2.55 and a beta of 1.07. The firm has a 50 day moving average of $387.21 and a two-hundred day moving average of $410.13.

Teledyne Technologies (NYSE:TDYGet Rating) last posted its earnings results on Wednesday, July 27th. The scientific and technical instruments company reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.38 by $0.05. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a net margin of 12.67% and a return on equity of 10.93%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.61 EPS. On average, analysts anticipate that Teledyne Technologies Incorporated will post 17.61 EPS for the current year.

Teledyne Technologies Company Profile

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Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.

Further Reading

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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