CANADA LIFE ASSURANCE Co Sells 81 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

CANADA LIFE ASSURANCE Co cut its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,539 shares of the scientific and technical instruments company’s stock after selling 81 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Teledyne Technologies were worth $8,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TDY. Kapitalo Investimentos Ltda bought a new position in shares of Teledyne Technologies during the fourth quarter valued at $29,000. CVA Family Office LLC bought a new stake in Teledyne Technologies in the 4th quarter worth about $31,000. NBC Securities Inc. increased its holdings in Teledyne Technologies by 89.4% in the 1st quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock worth $38,000 after buying an additional 42 shares in the last quarter. Creekmur Asset Management LLC bought a new stake in Teledyne Technologies in the 4th quarter worth about $45,000. Finally, Covestor Ltd increased its holdings in Teledyne Technologies by 131.9% in the 1st quarter. Covestor Ltd now owns 109 shares of the scientific and technical instruments company’s stock worth $47,000 after buying an additional 62 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TDY has been the subject of several research analyst reports. Bank of America downgraded Teledyne Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $490.00 to $400.00 in a report on Friday, April 26th. Needham & Company LLC raised 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. TD Cowen dropped their target price on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Vertical Research assumed coverage on Teledyne Technologies in a research report on Tuesday. They issued a “buy” rating and a $470.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $474.57.

Teledyne Technologies Stock Down 0.3 %

TDY stock opened at $415.70 on Friday. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $448.19. The company has a quick ratio of 1.29, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. The stock has a market cap of $19.70 billion, a P/E ratio of 22.48, a PEG ratio of 2.94 and a beta of 1.00. The business’s 50-day moving average price is $393.89 and its 200-day moving average price is $409.29.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data 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 return on equity of 10.27% and a net margin of 15.86%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm earned $4.67 EPS. The business’s quarterly revenue was down 3.8% on a year-over-year basis. On average, equities research analysts forecast that Teledyne Technologies Incorporated will post 19.34 EPS for the current year.

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.