Hartford Investment Management Co. cut its stake in Teledyne Technologies Incorporated (NYSE:TDY – Get Rating ) by 7.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,378 shares of the scientific and technical instruments company’s stock after selling 346 shares during the period. Hartford Investment Management Co.’s holdings. in Teledyne Technologies were worth $2,069,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in TDY. Pictet Asset Management SA boosted its holdings in Teledyne Technologies by 2.0% during the 4th quarter. Pictet Asset Management SA now owns 22,690 shares of the scientific and technical instruments company’s stock valued at $9,913,000 after purchasing an additional 440 shares during the period. Norges Bank acquired a new position in shares of Teledyne Technologies in the fourth quarter worth about $174,390,000. Grandfield & Dodd LLC boosted its stake in shares of Teledyne Technologies by 5.9% in the first quarter. Grandfield & Dodd LLC now owns 20,890 shares of the scientific and technical instruments company’s stock valued at $9,870,000 after buying an additional 1,165 shares during the period. Congress Asset Management Co. MA boosted its holdings in Teledyne Technologies by 1.6% in the fourth quarter. Congress Asset Management Co. MA now owns 285,097 shares of the scientific and technical instruments company’s stock valued at $124,556,000 after acquiring an additional 4,601 shares during the last quarter. Finally, Pure Financial Advisors LLC purchased a new position in Teledyne Technologies during the first quarter valued at approximately $204,000. The hedge fund and other institutional investors owned 87.61% of the company’s stock.
TDY has been the subject of a number of analyst reports. StockNews.com began coverage on shares of Teledyne Technologies in a report on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet downgraded Teledyne Technologies from a “b” rating to a “c+” rating in a report on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Teledyne Technologies presently has a consensus rating of “Hold” and an average price target of $505.00, according to MarketBeat.com .
Shares of TDY stock opened at $379.63 on Monday. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. Teledyne Technologies Incorporated has a 52-week low of $344.66 and a 52-week high of $493.97. The company has a quick ratio of 1.09, a current ratio of 1.66 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $395.72 and a 200-day moving average of $423.33.
Teledyne Technologies (NYSE:TDY – Get Rating ) last posted its earnings results on Wednesday, April 27. The scientific and technical instruments company reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.09 by $0.18. Teledyne Technologies had a net margin of 11.17% and a return on equity of 10.99%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. In the same quarter last year, the business reported $3.02 EPS. The company’s revenue for the quarter was up 64.0% on a year-over-year basis. On average, equities analysts expect that Teledyne Technologies Incorporated will post 17.98 EPS for the current fiscal year.
About Teledyne Technologies (Get Rating)
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 equipment 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 devices for distributed measurement systems and sensor networks.
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