SG Americas Securities LLC trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 36.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,344 shares of the scientific and technical instruments company’s stock after selling 26,051 shares during the quarter. SG Americas Securities LLC owned about 0.10% of Teledyne Technologies worth $28,039,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Personal CFO Solutions LLC grew its position in Teledyne Technologies by 2.0% in the fourth quarter. Personal CFO Solutions LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $413,000 after acquiring an additional 16 shares during the period. US Asset Management LLC increased its stake in Teledyne Technologies by 3.5% during the fourth quarter. US Asset Management LLC now owns 508 shares of the scientific and technical instruments company’s stock worth $259,000 after acquiring an additional 17 shares during the last quarter. Modera Wealth Management LLC raised its position in Teledyne Technologies by 1.2% in the fourth quarter. Modera Wealth Management LLC now owns 1,519 shares of the scientific and technical instruments company’s stock valued at $776,000 after purchasing an additional 18 shares during the period. Cresset Asset Management LLC lifted its stake in shares of Teledyne Technologies by 2.5% in the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after purchasing an additional 20 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its stake in shares of Teledyne Technologies by 2.3% in the 4th quarter. Fiduciary Alliance LLC now owns 997 shares of the scientific and technical instruments company’s stock valued at $509,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.
Teledyne Technologies Trading Down 0.4%
Shares of NYSE TDY opened at $610.74 on Thursday. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $693.38. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $627.04 and a 200-day simple moving average of $610.59. The stock has a market capitalization of $28.30 billion, a PE ratio of 30.89, a PEG ratio of 2.94 and a beta of 0.94.
Wall Street Analyst Weigh In
TDY has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Barclays upped their target price on shares of Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Morgan Stanley increased their target price on shares of Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 4th. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, Needham & Company LLC boosted their price target on shares of Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $693.71.
View Our Latest Stock Report on TDY
Teledyne Technologies Company Profile
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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