HM Payson & Co. Has $160,000 Stake in Teledyne Technologies Incorporated (NYSE:TDY)

HM Payson & Co. decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 7.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 373 shares of the scientific and technical instruments company’s stock after selling 32 shares during the period. HM Payson & Co.’s holdings in Teledyne Technologies were worth $160,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Norden Group LLC grew its holdings in Teledyne Technologies by 1.2% during the fourth quarter. Norden Group LLC now owns 2,149 shares of the scientific and technical instruments company’s stock valued at $959,000 after purchasing an additional 25 shares during the last quarter. Weik Capital Management lifted its position in Teledyne Technologies by 0.5% in the fourth quarter. Weik Capital Management now owns 5,390 shares of the scientific and technical instruments company’s stock worth $2,406,000 after purchasing an additional 25 shares during the period. Van ECK Associates Corp lifted its position in Teledyne Technologies by 23.1% in the fourth quarter. Van ECK Associates Corp now owns 181 shares of the scientific and technical instruments company’s stock worth $81,000 after purchasing an additional 34 shares during the period. Czech National Bank lifted its position in Teledyne Technologies by 0.5% in the first quarter. Czech National Bank now owns 8,302 shares of the scientific and technical instruments company’s stock worth $3,564,000 after purchasing an additional 38 shares during the period. Finally, First National Trust Co lifted its position in Teledyne Technologies by 0.4% in the first quarter. First National Trust Co now owns 11,011 shares of the scientific and technical instruments company’s stock worth $4,727,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE:TDY traded down $8.00 during midday trading on Monday, reaching $402.54. The company’s stock had a trading volume of 83,109 shares, compared to its average volume of 253,012. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The company has a market capitalization of $19.07 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. The business’s fifty day simple moving average is $395.60 and its 200-day simple moving average is $408.13.

Teledyne Technologies (NYSE:TDY) 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 return on equity of 10.27% and a net margin of 15.86%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company posted $4.67 earnings per share. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities research analysts expect that Teledyne Technologies Incorporated will post 19.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on TDY. Vertical Research began coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price for the company. 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, July 25th. Bank of America lowered Teledyne Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $490.00 to $400.00 in a research note on Friday, April 26th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, TD Cowen dropped their price objective on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus target price of $474.57.

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.