Ensign Peak Advisors Inc Sells 2,348 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Ensign Peak Advisors Inc cut its position in Teledyne Technologies Incorporated (NYSE:TDY) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,017 shares of the scientific and technical instruments company’s stock after selling 2,348 shares during the period. Ensign Peak Advisors Inc owned 0.18% of Teledyne Technologies worth $31,821,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American National Bank bought a new stake in shares of Teledyne Technologies during the second quarter valued at approximately $28,000. Innealta Capital LLC bought a new stake in Teledyne Technologies during the 2nd quarter valued at $28,000. Kapitalo Investimentos Ltda acquired a new position in Teledyne Technologies during the fourth quarter worth $29,000. Tortoise Investment Management LLC raised its holdings in 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 buying an additional 24 shares during the last quarter. Finally, Crewe Advisors LLC lifted its stake in shares of Teledyne Technologies by 319.0% in the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 67 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Stock Performance

TDY stock opened at $432.13 on Monday. 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 $20.47 billion, a PE ratio of 23.37, a P/E/G ratio of 3.01 and a beta of 1.02. The business has a 50 day moving average of $417.58 and a 200-day moving average of $406.21. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19.

Teledyne Technologies (NYSE:TDY) last announced its earnings results 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 during the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $4.67 EPS. As a group, sell-side analysts expect that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC upped their target price on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Vertical Research started coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective for the company. Finally, StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Teledyne Technologies has an average rating of “Moderate Buy” and an average price target of $471.17.

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.