Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,833 shares of the scientific and technical instruments company’s stock after selling 260 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Teledyne Technologies were worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Public Sector Pension Investment Board grew its position in Teledyne Technologies by 1,755.0% in the 4th quarter. Public Sector Pension Investment Board now owns 93,325 shares of the scientific and technical instruments company’s stock worth $41,650,000 after purchasing an additional 88,294 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Teledyne Technologies by 235.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock worth $48,593,000 after buying an additional 87,925 shares in the last quarter. Vanguard Group Inc. increased its position in Teledyne Technologies by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 5,517,922 shares of the scientific and technical instruments company’s stock valued at $2,462,593,000 after acquiring an additional 77,890 shares during the period. Maren Capital LLC raised its stake in Teledyne Technologies by 37.2% during the 1st quarter. Maren Capital LLC now owns 254,245 shares of the scientific and technical instruments company’s stock valued at $109,152,000 after acquiring an additional 68,940 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Teledyne Technologies by 3.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock worth $676,041,000 after acquiring an additional 48,397 shares during the period. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $439.51 on Wednesday. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $448.19. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. The stock has a market cap of $20.56 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02. The company’s 50-day moving average price is $422.00 and its two-hundred day moving average price is $406.71.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.67 EPS. As a group, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TDY shares. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Needham & Company LLC boosted their price target on shares of 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 assumed coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $466.40.

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.