Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 465 shares of the scientific and technical instruments company’s stock after selling 35 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Teledyne Technologies were worth $231,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TDY. LPL Financial LLC grew its position in Teledyne Technologies by 8.5% during the 4th quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company’s stock worth $13,166,000 after purchasing an additional 2,224 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in Teledyne Technologies during the 1st quarter worth approximately $247,000. Asset Management One Co. Ltd. grew its position in Teledyne Technologies by 4.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 38,298 shares of the scientific and technical instruments company’s stock worth $19,061,000 after purchasing an additional 1,712 shares in the last quarter. SG Americas Securities LLC purchased a new position in Teledyne Technologies during the 1st quarter worth approximately $6,725,000. Finally, QRG Capital Management Inc. purchased a new position in Teledyne Technologies during the 1st quarter worth approximately $275,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 1.0%

Teledyne Technologies stock opened at $540.19 on Thursday. The company’s fifty day simple moving average is $501.46 and its 200-day simple moving average is $489.84. The company has a quick ratio of 1.44, a current ratio of 2.19 and a debt-to-equity ratio of 0.30. Teledyne Technologies Incorporated has a 12 month low of $391.58 and a 12 month high of $542.30. The stock has a market cap of $25.31 billion, a P/E ratio of 30.87, a P/E/G ratio of 2.51 and a beta of 1.04.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.92 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a net margin of 14.37% and a return on equity of 9.95%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.55 earnings per share. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a “buy” rating and a $626.00 price objective on the stock. Needham & Company LLC lowered their price target 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. Finally, TD Securities restated a “buy” rating and set a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $554.43.

Teledyne Technologies Company 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.