Securian Asset Management Inc. reduced its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 45.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,268 shares of the scientific and technical instruments company’s stock after selling 1,050 shares during the period. Securian Asset Management Inc.’s holdings in Teledyne Technologies were worth $648,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Personal CFO Solutions LLC grew its holdings in Teledyne Technologies by 2.0% in the fourth quarter. Personal CFO Solutions LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $413,000 after purchasing an additional 16 shares during the period. US Asset Management LLC boosted its holdings in shares of Teledyne Technologies by 3.5% in the 4th quarter. US Asset Management LLC now owns 508 shares of the scientific and technical instruments company’s stock valued at $259,000 after purchasing an additional 17 shares during the last quarter. Modera Wealth Management LLC boosted its holdings in shares of Teledyne Technologies by 1.2% in the 4th quarter. Modera Wealth Management LLC now owns 1,519 shares of the scientific and technical instruments company’s stock valued at $776,000 after purchasing an additional 18 shares during the last quarter. Cresset Asset Management LLC grew its stake in shares of Teledyne Technologies by 2.5% during the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after buying an additional 20 shares during the period. Finally, Fiduciary Alliance LLC grew its stake in shares of Teledyne Technologies by 2.3% during the 4th quarter. Fiduciary Alliance LLC now owns 997 shares of the scientific and technical instruments company’s stock valued at $509,000 after buying an additional 22 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.
Teledyne Technologies Stock Up 0.4%
Shares of Teledyne Technologies stock opened at $638.35 on Friday. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $693.38. The stock has a market cap of $29.57 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 3.04 and a beta of 0.97. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average price of $637.50 and a 200 day moving average price of $588.05.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on TDY. Stifel Nicolaus increased their target price on Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Needham & Company LLC upped their price target on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Morgan Stanley lifted their price objective on Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Citigroup boosted their target price on Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Finally, Barclays increased their target price on shares of Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Five research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $693.71.
Read Our Latest Stock Report on Teledyne Technologies
About Teledyne Technologies
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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