Teledyne Technologies Incorporated $TDY Stock Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lowered its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 74.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 476 shares of the scientific and technical instruments company’s stock after selling 1,368 shares during the period. Kestra Private Wealth Services LLC’s holdings in Teledyne Technologies were worth $289,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Core Capital Management & Research inc. bought a new stake in Teledyne Technologies in the second quarter valued at approximately $3,035,000. Maren Capital LLC boosted its stake in shares of Teledyne Technologies by 4.1% during the second quarter. Maren Capital LLC now owns 376,928 shares of the scientific and technical instruments company’s stock valued at $251,373,000 after purchasing an additional 14,806 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Teledyne Technologies in the third quarter worth approximately $7,117,000. Royal Bank of Canada grew its holdings in shares of Teledyne Technologies by 1.9% in the first quarter. Royal Bank of Canada now owns 214,721 shares of the scientific and technical instruments company’s stock worth $129,908,000 after purchasing an additional 4,062 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of Teledyne Technologies in the second quarter worth approximately $12,911,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays lifted their target price on shares of Teledyne Technologies from $640.00 to $646.00 and gave the stock an “equal weight” rating in a research note on Monday, October 26th. Stifel Nicolaus raised their price target on shares of Teledyne Technologies from $775.00 to $795.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Zacks Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $760.00 to $775.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Finally, Morgan Stanley upped their price objective on shares of Teledyne Technologies from $715.00 to $725.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $731.83.

Teledyne Technologies Price Performance

Shares of TDY stock opened at $617.89 on Monday. The firm has a market cap of $28.45 billion, a P/E ratio of 28.24, a P/E/G ratio of 2.28 and a beta of 0.89. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67. The business’s 50 day moving average price is $618.57 and its 200-day moving average price is $634.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 2.31.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.17 by $0.55. Teledyne Technologies had a return on equity of 10.89% and a net margin of 15.75%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the firm earned $5.57 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 25.58 earnings per share for the current year.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Director Simon Lorne sold 6,449 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the transaction, the director directly owned 55,783 shares of the company’s stock, valued at approximately $37,951,406.22. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.36% of the company’s stock.

Teledyne Technologies Company Profile

Teledyne Technologies is an industrial technology company that develops and manufactures instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products and services support applications including environmental monitoring, marine research, scientific imaging, and industrial inspection.

The company’s businesses include sensors and monitoring instruments, cameras and imaging systems, electronic components, and specialized engineering and manufacturing services.