Yousif Capital Management LLC Cuts Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Yousif Capital Management LLC cut its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,424 shares of the scientific and technical instruments company’s stock after selling 123 shares during the quarter. Yousif Capital Management LLC’s holdings in Teledyne Technologies were worth $2,700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Teledyne Technologies in the 4th quarter worth approximately $28,000. NBC Securities Inc. bought a new position in Teledyne Technologies in the first quarter worth approximately $28,000. Hurley Capital LLC bought a new position in Teledyne Technologies in the fourth quarter worth approximately $33,000. Ancora Advisors LLC lifted its holdings in Teledyne Technologies by 192.3% during the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 50 shares during the period. Finally, City Holding Co. bought a new stake in Teledyne Technologies during the 1st quarter valued at $38,000. 91.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Bank of America boosted their price target on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. TD Securities reiterated a “buy” rating and issued a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Needham & Company LLC decreased their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teledyne Technologies currently has an average rating of “Buy” and an average target price of $542.50.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $486.89 on Friday. The company has a 50 day moving average price of $480.35 and a 200 day moving average price of $484.25. The firm has a market capitalization of $22.82 billion, a P/E ratio of 28.26, a PEG ratio of 3.14 and a beta of 1.04. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52 week low of $380.63 and a 52 week high of $522.50.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business posted $4.55 EPS. Teledyne Technologies’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current 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.