Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Axa S.A.

Axa S.A. decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 13.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,233 shares of the scientific and technical instruments company’s stock after selling 197 shares during the period. Axa S.A.’s holdings in Teledyne Technologies were worth $478,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TDY. Squarepoint Ops LLC increased its holdings in shares of Teledyne Technologies by 605.2% in the second quarter. Squarepoint Ops LLC now owns 9,027 shares of the scientific and technical instruments company’s stock valued at $3,502,000 after purchasing an additional 7,747 shares during the last quarter. Fred Alger Management LLC grew its holdings in Teledyne Technologies by 123.8% in the 2nd quarter. Fred Alger Management LLC now owns 376 shares of the scientific and technical instruments company’s stock valued at $146,000 after buying an additional 208 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Teledyne Technologies by 61.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,075 shares of the scientific and technical instruments company’s stock worth $3,521,000 after acquiring an additional 3,441 shares during the last quarter. Distillate Capital Partners LLC purchased a new position in shares of Teledyne Technologies during the 2nd quarter worth $14,529,000. Finally, Interval Partners LP acquired a new position in shares of Teledyne Technologies during the 2nd quarter valued at about $10,626,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Trading Up 0.4 %

Shares of TDY stock opened at $439.51 on Wednesday. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $448.19. The firm has a market cap of $20.56 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02. The company has a 50-day moving average of $422.00 and a two-hundred day moving average of $406.71. 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 quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company posted $4.67 EPS. On average, analysts predict that Teledyne Technologies Incorporated will post 19.43 EPS for the current year.

Analysts Set New Price Targets

TDY has been the subject of several recent analyst reports. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Vertical Research started coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target for the company. Finally, StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $466.40.

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.