Teledyne Technologies Incorporated (NYSE:TDY) Position Decreased by Defender Capital LLC.

Defender Capital LLC. lessened its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,616 shares of the scientific and technical instruments company's stock after selling 2,590 shares during the period. Teledyne Technologies comprises about 5.5% of Defender Capital LLC.'s holdings, making the stock its 9th largest holding. Defender Capital LLC. owned approximately 0.08% of Teledyne Technologies worth $16,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of TDY. Wolff Wiese Magana LLC bought a new stake in shares of Teledyne Technologies in the 3rd quarter valued at about $27,000. American National Bank purchased a new position in Teledyne Technologies during the 2nd quarter valued at about $28,000. Innealta Capital LLC purchased a new position in Teledyne Technologies during the 2nd quarter valued at about $28,000. Tortoise Investment Management LLC increased 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 purchasing an additional 24 shares during the period. Finally, Crewe Advisors LLC increased its holdings in 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 during the period. Institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

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

Teledyne Technologies Stock Down 0.8 %

Shares of NYSE TDY traded down $3.44 on Tuesday, reaching $443.49. 239,275 shares of the company's stock traded hands, compared to its average volume of 239,303. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $458.15. The business's 50 day simple moving average is $431.86 and its two-hundred day simple moving average is $409.13. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 3.16 and a beta of 1.01. 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 announced its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating analysts' consensus estimates of $4.49 by $0.09. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm earned $4.67 earnings per share. The business's revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities research analysts forecast 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.