Edgestream Partners L.P. Sells 2,883 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Edgestream Partners L.P. lessened its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 42.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,929 shares of the scientific and technical instruments company’s stock after selling 2,883 shares during the period. Edgestream Partners L.P.’s holdings in Teledyne Technologies were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Kapitalo Investimentos Ltda bought a new stake in shares of Teledyne Technologies in the fourth quarter valued at approximately $29,000. CVA Family Office LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at $31,000. NBC Securities Inc. lifted its position in shares of Teledyne Technologies by 89.4% during the 1st quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock valued at $38,000 after acquiring an additional 42 shares during the period. Creekmur Asset Management LLC bought a new stake in Teledyne Technologies during the fourth quarter worth about $45,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in Teledyne Technologies by 63.2% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock worth $49,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Ratings Changes

TDY has been the subject of several analyst reports. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. TD Cowen decreased their price target on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Bank of America downgraded Teledyne Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. Finally, Needham & Company LLC decreased their target price on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average price target of $470.83.

Teledyne Technologies Price Performance

Shares of TDY traded up $4.81 during trading hours on Monday, reaching $397.74. The stock had a trading volume of 200,150 shares, compared to its average volume of 247,088. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19. The stock has a market capitalization of $18.84 billion, a PE ratio of 21.25, a PEG ratio of 2.77 and a beta of 1.00. The company’s 50-day moving average is $393.10 and its two-hundred day moving average is $409.72.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company earned $4.53 EPS. Teledyne Technologies’s revenue for the quarter was down 2.4% on a year-over-year basis. Research analysts expect that Teledyne Technologies Incorporated will post 19.34 EPS for the current 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.