Teledyne Technologies Incorporated (NYSE:TDY) Position Lowered by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 15.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 463 shares of the scientific and technical instruments company’s stock after selling 85 shares during the period. Farther Finance Advisors LLC’s holdings in Teledyne Technologies were worth $231,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Quarry LP bought a new position in shares of Teledyne Technologies during the fourth quarter worth about $28,000. NBC Securities Inc. bought a new position in shares of Teledyne Technologies during the first quarter worth about $28,000. Hurley Capital LLC bought a new position in shares of Teledyne Technologies during the fourth quarter worth about $33,000. Ancora Advisors LLC lifted its holdings in Teledyne Technologies by 192.3% in the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 50 shares during the last quarter. Finally, City Holding Co. bought a new position in Teledyne Technologies in the first quarter worth about $38,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $488.66 on Thursday. The firm’s 50 day moving average is $482.29 and its two-hundred day moving average is $484.32. Teledyne Technologies Incorporated has a 52 week low of $380.63 and a 52 week high of $522.50. The firm has a market capitalization of $22.90 billion, a P/E ratio of 27.92, a PEG ratio of 2.32 and a beta of 1.04. The company has a current ratio of 2.19, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

Teledyne Technologies (NYSE:TDY) last announced its quarterly 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. Teledyne Technologies had a net margin of 14.37% and a return on equity of 9.95%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business earned $4.55 earnings per share. Teledyne Technologies’s revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on TDY. Bank of America raised their target price 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. Needham & Company LLC cut their target price 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. Wall Street Zen raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, TD Securities reissued a “buy” rating and issued a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Buy” and an average price target of $542.50.

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.