Mediolanum International Funds Ltd Decreases Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Mediolanum International Funds Ltd decreased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 43.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,235 shares of the scientific and technical instruments company’s stock after selling 10,212 shares during the period. Mediolanum International Funds Ltd’s holdings in Teledyne Technologies were worth $5,757,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TDY. Tortoise Investment Management LLC boosted its holdings in Teledyne Technologies by 48.0% during the 2nd 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 during the period. Bleakley Financial Group LLC lifted its position in shares of Teledyne Technologies by 4.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company’s stock worth $298,000 after purchasing an additional 26 shares during the period. Summit Trail Advisors LLC raised its stake in Teledyne Technologies by 3.9% in the second quarter. Summit Trail Advisors LLC now owns 720 shares of the scientific and technical instruments company’s stock worth $279,000 after buying an additional 27 shares in the last quarter. Linscomb Wealth Inc. increased its holdings in shares of Teledyne Technologies by 4.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 695 shares of the scientific and technical instruments company’s stock valued at $270,000 after acquiring an additional 29 shares during the period. Finally, MJP Associates Inc. ADV raised its position in shares of Teledyne Technologies by 5.6% in the 2nd quarter. MJP Associates Inc. ADV now owns 604 shares of the scientific and technical instruments company’s stock worth $234,000 after acquiring an additional 32 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of recent analyst reports. Vertical Research assumed coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target on the stock. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen raised their target price on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Needham & Company LLC lifted their target price on Teledyne Technologies from $482.00 to $528.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus target price of $474.50.

Teledyne Technologies Stock Down 0.8 %

Teledyne Technologies stock opened at $469.19 on Friday. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $475.73. The stock has a market capitalization of $21.95 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 3.11 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. The business has a 50 day simple moving average of $435.99 and a 200-day simple moving average of $410.52.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the firm posted $5.05 EPS. Teledyne Technologies’s revenue was up 2.9% compared to the same quarter last year. On average, analysts anticipate that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal 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.