Bokf Na Cuts Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Bokf Na cut its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 0.9% during the first quarter, Holdings Channel reports. The firm owned 3,653 shares of the scientific and technical instruments company’s stock after selling 33 shares during the quarter. Bokf Na’s holdings in Teledyne Technologies were worth $1,552,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new stake in Teledyne Technologies in the 4th quarter worth $29,000. NBC Securities Inc. increased its holdings in shares of Teledyne Technologies by 89.4% in the first quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock worth $38,000 after purchasing an additional 42 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of Teledyne Technologies in the fourth quarter worth about $45,000. Covestor Ltd grew its holdings in Teledyne Technologies by 131.9% during the 1st quarter. Covestor Ltd now owns 109 shares of the scientific and technical instruments company’s stock valued at $47,000 after buying an additional 62 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC increased its stake in Teledyne Technologies by 63.2% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock worth $49,000 after acquiring an additional 43 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TDY. Vertical Research began coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price for the company. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen decreased their target price on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Bank of America lowered Teledyne Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $474.57.

Teledyne Technologies Trading Up 1.4 %

TDY traded up $5.86 during trading hours on Friday, reaching $421.56. 335,622 shares of the company’s stock traded hands, compared to its average volume of 287,438. The firm has a 50-day moving average price of $394.20 and a 200 day moving average price of $408.95. The firm has a market capitalization of $19.97 billion, a PE ratio of 22.80, a PEG ratio of 2.97 and a beta of 1.00. The company has a quick ratio of 1.29, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.49 by $0.09. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $4.67 earnings per share. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 19.34 EPS for the current fiscal year.

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.