Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Bokf Na

Bokf Na lowered its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 55.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,614 shares of the scientific and technical instruments company’s stock after selling 2,039 shares during the period. Bokf Na’s holdings in Teledyne Technologies were worth $626,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. American National Bank acquired a new position in shares of Teledyne Technologies in the second quarter worth $28,000. Innealta Capital LLC purchased a new stake in shares of Teledyne Technologies during the second quarter worth $28,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Teledyne Technologies during the fourth quarter worth $29,000. Tortoise Investment Management LLC increased its position in shares of Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 24 shares during the period. Finally, Crewe Advisors LLC increased its position in shares of Teledyne Technologies by 319.0% during the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 67 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $427.75 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average price of $413.34 and a 200 day moving average price of $406.05. The company has a market cap of $20.27 billion, a P/E ratio of 23.13, a PEG ratio of 3.00 and a beta of 1.02. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19.

Teledyne Technologies (NYSE:TDY) last released 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. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm posted $4.67 earnings per share. Teledyne Technologies’s revenue for the quarter was down 3.8% on a year-over-year basis. Sell-side analysts predict that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TDY has been the topic of a number of recent research reports. Needham & Company LLC upped their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Vertical Research initiated coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective on the stock. Finally, StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $471.17.

About Teledyne Technologies

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.