Teledyne Technologies Incorporated $TDY Stock Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its position in Teledyne Technologies Incorporated (NYSE:TDY) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 482,078 shares of the scientific and technical instruments company’s stock after selling 22,270 shares during the quarter. Teledyne Technologies accounts for approximately 1.2% of King Luther Capital Management Corp’s investment portfolio, making the stock its 18th largest position. King Luther Capital Management Corp’s holdings in Teledyne Technologies were worth $292,530,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. BlackRock Inc. bought a new position in Teledyne Technologies during the 2nd quarter worth approximately $2,751,121,000. Jupiter Topco LLC bought a new stake in shares of Teledyne Technologies during the second quarter valued at approximately $1,027,237,000. Bank of America Corp DE bought a new stake in Teledyne Technologies during the 2nd quarter valued at $406,938,000. Findlay Park Partners LLP bought a new stake in shares of Teledyne Technologies during the second quarter worth about $277,363,000. Finally, Maren Capital LLC increased its holdings in Teledyne Technologies by 4.1% during the 2nd quarter. Maren Capital LLC now owns 376,928 shares of the scientific and technical instruments company’s stock worth $251,373,000 after purchasing an additional 14,806 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TDY has been the subject of several analyst reports. Stifel Nicolaus increased their target price on shares of Teledyne Technologies from $775.00 to $795.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Morgan Stanley increased their target price on shares of Teledyne Technologies from $715.00 to $725.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 3rd. Barclays raised their price target 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. Zacks Research cut shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Weiss Ratings raised shares of Teledyne Technologies from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $731.83.

Teledyne Technologies Trading Up 0.7%

Shares of Teledyne Technologies stock opened at $650.80 on Thursday. The stock has a market capitalization of $29.96 billion, a P/E ratio of 29.74, a P/E/G ratio of 2.38 and a beta of 0.89. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 2.31. The stock’s 50-day simple moving average is $620.48 and its 200 day simple moving average is $635.15.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 earnings per share for the quarter, topping analysts’ consensus estimates of $6.17 by $0.55. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Teledyne Technologies had a net margin of 15.75% and a return on equity of 10.89%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $5.57 earnings per share. As a group, research analysts anticipate that Teledyne Technologies Incorporated will post 25.58 EPS for the current year.

Teledyne Technologies 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.