Running Oak Capital LLC cut its holdings in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 6.2% during the third quarter, Holdings Channel reports. The institutional investor owned 30,617 shares of the scientific and technical instruments company’s stock after selling 2,041 shares during the quarter. Teledyne Technologies makes up approximately 2.0% of Running Oak Capital LLC’s investment portfolio, making the stock its 10th biggest position. Running Oak Capital LLC’s holdings in Teledyne Technologies were worth $17,943,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in Teledyne Technologies by 874.5% during the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock worth $970,000 after acquiring an additional 1,749 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Teledyne Technologies by 78.6% in the 1st quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock worth $772,000 after purchasing an additional 683 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Teledyne Technologies by 48.4% in the 1st quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock worth $416,000 after buying an additional 272 shares during the last quarter. HB Wealth Management LLC increased its position in Teledyne Technologies by 25.0% during the 2nd quarter. HB Wealth Management LLC now owns 745 shares of the scientific and technical instruments company’s stock valued at $382,000 after buying an additional 149 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Teledyne Technologies by 10.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,520 shares of the scientific and technical instruments company’s stock worth $2,828,000 after acquiring an additional 502 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.
Teledyne Technologies Stock Down 1.0%
TDY opened at $613.82 on Tuesday. The stock has a market capitalization of $28.82 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 2.65 and a beta of 1.01. The firm has a 50 day moving average price of $540.30 and a 200-day moving average price of $543.81. Teledyne Technologies Incorporated has a twelve month low of $419.00 and a twelve month high of $630.76. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.19.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on TDY shares. Citigroup raised their price target on Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Teledyne Technologies in a research note on Monday, December 29th. Morgan Stanley initiated coverage on shares of Teledyne Technologies in a research note on Wednesday, January 21st. They issued an “equal weight” rating and a $620.00 target price on the stock. Barclays raised their price target on shares of Teledyne Technologies from $579.00 to $599.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Finally, Needham & Company LLC upped their price objective on Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $627.88.
Get Our Latest Stock Analysis on TDY
Insider Buying and Selling
In other Teledyne Technologies news, Director Michael T. Smith sold 2,469 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $621.00, for a total value of $1,533,249.00. Following the transaction, the director owned 47,328 shares of the company’s stock, valued at approximately $29,390,688. This represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.
Teledyne Technologies 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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