Assenagon Asset Management S.A. Sells 4,901 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Assenagon Asset Management S.A. reduced its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,344 shares of the scientific and technical instruments company's stock after selling 4,901 shares during the period. Assenagon Asset Management S.A. owned about 0.25% of Teledyne Technologies worth $52,670,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TDY. International Assets Investment Management LLC increased its holdings in shares of Teledyne Technologies by 44,457.2% during the 3rd quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company's stock valued at $32,372,000 after acquiring an additional 73,799 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Teledyne Technologies by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 876 shares of the scientific and technical instruments company's stock valued at $383,000 after acquiring an additional 38 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Teledyne Technologies by 4.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 14,261 shares of the scientific and technical instruments company's stock valued at $6,241,000 after acquiring an additional 596 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Teledyne Technologies by 3.8% during the 3rd quarter. Whittier Trust Co. now owns 32,306 shares of the scientific and technical instruments company's stock valued at $14,139,000 after acquiring an additional 1,192 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Teledyne Technologies by 4.9% during the 3rd quarter. Raymond James & Associates now owns 105,721 shares of the scientific and technical instruments company's stock valued at $46,270,000 after acquiring an additional 4,969 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

Shares of TDY stock traded down $3.67 during mid-day trading on Friday, reaching $469.19. The stock had a trading volume of 205,856 shares, compared to its average volume of 240,819. The firm's 50 day simple moving average is $434.94 and its 200 day simple moving average is $410.18. 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 Incorporated has a one year low of $355.41 and a one year high of $475.73. The firm has a market cap of $21.95 billion, a PE ratio of 25.71, a P/E/G ratio of 3.11 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company earned $5.05 EPS. The company's quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that Teledyne Technologies Incorporated will post 19.43 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.