SG Americas Securities LLC Sells 3,822 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

SG Americas Securities LLC lowered its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 67.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,885 shares of the scientific and technical instruments company's stock after selling 3,822 shares during the quarter. SG Americas Securities LLC's holdings in Teledyne Technologies were worth $825,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. American National Bank bought a new position in shares of Teledyne Technologies in the second quarter valued at about $28,000. Innealta Capital LLC acquired a new stake in shares of Teledyne Technologies in the second quarter valued at about $28,000. Kapitalo Investimentos Ltda bought a new stake in shares of Teledyne Technologies in the 4th quarter valued at $29,000. Tortoise Investment Management LLC lifted its stake in shares of Teledyne Technologies by 48.0% in 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 purchasing an additional 24 shares during the period. Finally, Crewe Advisors LLC boosted its position in shares of Teledyne Technologies by 319.0% during the 2nd quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company's stock valued at $34,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Stock Up 1.7 %

TDY traded up $7.48 during trading on Friday, hitting $454.08. 271,427 shares of the company's stock were exchanged, compared to its average volume of 203,786. The stock has a market cap of $21.24 billion, a P/E ratio of 24.69, a PEG ratio of 3.13 and a beta of 1.01. The business's 50 day moving average is $426.68 and its two-hundred day moving average is $408.20. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $455.69. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping the consensus estimate of $4.49 by $0.09. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The company's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $4.67 earnings per share. As a group, equities analysts expect that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TDY. Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Finally, Vertical Research began coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $470.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $450.50.

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.