Wealth Enhancement Advisory Services LLC Lowers Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Wealth Enhancement Advisory Services LLC reduced its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,344 shares of the scientific and technical instruments company’s stock after selling 161 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Teledyne Technologies were worth $588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wolff Wiese Magana LLC purchased a new stake in Teledyne Technologies during the 3rd quarter valued at about $27,000. American National Bank purchased a new stake in shares of Teledyne Technologies during the second quarter valued at approximately $28,000. Innealta Capital LLC purchased a new stake in shares of Teledyne Technologies during the second quarter valued at approximately $28,000. 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 valued at $29,000 after acquiring an additional 24 shares in the last quarter. Finally, Crewe Advisors LLC raised its holdings in Teledyne Technologies by 319.0% in the 2nd 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 last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on TDY shares. Needham & Company LLC increased their target price on Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen raised their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Vertical Research started coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $474.50.

Teledyne Technologies Stock Performance

Shares of TDY opened at $477.38 on Friday. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $483.52. The business has a fifty day moving average of $443.66 and a 200 day moving average of $414.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The firm has a market capitalization of $22.25 billion, a P/E ratio of 24.13, a PEG ratio of 3.21 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm earned $5.05 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.44 EPS for the current year.

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.