Angeles Investment Advisors LLC Lowers Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Angeles Investment Advisors LLC reduced its position in Teledyne Technologies Incorporated (NYSE:TDY) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,035 shares of the scientific and technical instruments company’s stock after selling 117 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Teledyne Technologies were worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ING Groep NV boosted its holdings in Teledyne Technologies by 60.1% in the 4th quarter. ING Groep NV now owns 9,460 shares of the scientific and technical instruments company’s stock worth $4,222,000 after buying an additional 3,550 shares during the period. Hsbc Holdings PLC grew its position in shares of Teledyne Technologies by 28.4% during the fourth quarter. Hsbc Holdings PLC now owns 91,664 shares of the scientific and technical instruments company’s stock worth $40,905,000 after purchasing an additional 20,263 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Teledyne Technologies by 35.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 132,361 shares of the scientific and technical instruments company’s stock valued at $59,071,000 after purchasing an additional 34,371 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in Teledyne Technologies by 46.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 4,161 shares of the scientific and technical instruments company’s stock worth $1,786,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Teledyne Technologies by 11.2% in the 1st quarter. Clearbridge Investments LLC now owns 267,036 shares of the scientific and technical instruments company’s stock worth $114,644,000 after purchasing an additional 26,793 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on TDY. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Needham & Company LLC boosted their price target on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Vertical Research assumed coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus target price of $471.17.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $427.75 on Monday. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The company has a market cap of $20.27 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 3.00 and a beta of 1.02. The firm’s fifty day moving average is $413.34 and its 200 day moving average is $406.05. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.09. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $4.67 EPS. Sell-side analysts forecast that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal year.

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.