Mount Yale Investment Advisors LLC Trims Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Mount Yale Investment Advisors LLC trimmed its position in Teledyne Technologies Incorporated (NYSE:TDY) by 2.8% in the 1st quarter, HoldingsChannel reports. The firm owned 2,690 shares of the scientific and technical instruments company’s stock after selling 77 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Teledyne Technologies were worth $1,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of TDY. Norges Bank purchased a new position in shares of Teledyne Technologies in the fourth quarter worth about $243,111,000. Maren Capital LLC acquired a new stake in Teledyne Technologies during the fourth quarter worth about $82,700,000. Public Sector Pension Investment Board grew its holdings in Teledyne Technologies by 1,755.0% during the fourth quarter. Public Sector Pension Investment Board now owns 93,325 shares of the scientific and technical instruments company’s stock worth $41,650,000 after acquiring an additional 88,294 shares during the period. Vanguard Group Inc. grew its holdings in Teledyne Technologies by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 5,517,922 shares of the scientific and technical instruments company’s stock worth $2,462,593,000 after acquiring an additional 77,890 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Teledyne Technologies by 37,167.5% during the fourth quarter. International Assets Investment Management LLC now owns 72,299 shares of the scientific and technical instruments company’s stock worth $32,266,000 after acquiring an additional 72,105 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Trading Up 0.4 %

NYSE:TDY traded up $1.48 on Monday, reaching $423.04. The company’s stock had a trading volume of 291,474 shares, compared to its average volume of 253,561. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 2.97 and a beta of 1.00. The stock has a 50 day moving average price of $394.20 and a 200 day moving average price of $408.73.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data 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 the consensus estimate of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.67 EPS. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post 19.34 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.