Stratos Wealth Partners LTD. trimmed its stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 471 shares of the scientific and technical instruments company’s stock after selling 49 shares during the period. Stratos Wealth Partners LTD.’s holdings in Teledyne Technologies were worth $211,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of TDY. CVA Family Office LLC purchased a new position in Teledyne Technologies during the 4th quarter worth $30,000. Belpointe Asset Management LLC purchased a new position in Teledyne Technologies during the 4th quarter worth $36,000. Beacon Capital Management LLC purchased a new position in Teledyne Technologies during the 1st quarter worth $41,000. Massmutual Trust Co. FSB ADV grew its position in Teledyne Technologies by 100.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 104 shares of the scientific and technical instruments company’s stock worth $47,000 after purchasing an additional 52 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Teledyne Technologies in the 1st quarter worth $50,000. 93.31% of the stock is owned by hedge funds and other institutional investors.
Teledyne Technologies Stock Up 1.1 %
TDY stock opened at $412.45 on Monday. The company has a market cap of $19.41 billion, a P/E ratio of 26.10, a P/E/G ratio of 3.33 and a beta of 1.07. Teledyne Technologies Incorporated has a 52 week low of $325.00 and a 52 week high of $448.71. The company’s 50-day moving average price is $404.88 and its 200 day moving average price is $417.55. The company has a current ratio of 1.94, a quick ratio of 1.30 and a debt-to-equity ratio of 0.42.
Analyst Ratings Changes
Several analysts have recently commented on TDY shares. Credit Suisse Group reduced their target price on shares of Teledyne Technologies from $503.00 to $499.00 in a research note on Friday, April 28th. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Friday, May 26th. Needham & Company LLC reduced their target price on shares of Teledyne Technologies from $498.00 to $470.00 in a research note on Thursday, April 27th. Finally, Bank of America raised their target price on shares of Teledyne Technologies from $533.00 to $565.00 in a research note on Thursday, May 25th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $505.50.
Insider Buying and Selling at Teledyne Technologies
In other Teledyne Technologies news, VP Melanie Susan Cibik sold 2,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $413.00, for a total value of $826,000.00. Following the sale, the vice president now owns 27,305 shares of the company’s stock, valued at $11,276,965. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.14% of the company’s stock.
About Teledyne Technologies
Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, France, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.
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