Marks Group Wealth Management Inc Sells 797 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Marks Group Wealth Management Inc lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 17,288 shares of the scientific and technical instruments company's stock after selling 797 shares during the period. Marks Group Wealth Management Inc's holdings in Teledyne Technologies were worth $8,604,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CWM LLC raised its stake in shares of Teledyne Technologies by 8.5% in the first quarter. CWM LLC now owns 667 shares of the scientific and technical instruments company's stock valued at $332,000 after acquiring an additional 52 shares during the period. Schechter Investment Advisors LLC bought a new position in Teledyne Technologies during the 1st quarter valued at about $246,000. Diversify Wealth Management LLC grew its holdings in Teledyne Technologies by 10.2% during the 1st quarter. Diversify Wealth Management LLC now owns 2,980 shares of the scientific and technical instruments company's stock valued at $1,379,000 after purchasing an additional 275 shares during the last quarter. Cerity Partners LLC raised its position in Teledyne Technologies by 7.6% in the 1st quarter. Cerity Partners LLC now owns 16,303 shares of the scientific and technical instruments company's stock worth $8,114,000 after purchasing an additional 1,156 shares during the period. Finally, Allworth Financial LP lifted its stake in Teledyne Technologies by 19.4% in the first quarter. Allworth Financial LP now owns 246 shares of the scientific and technical instruments company's stock worth $113,000 after purchasing an additional 40 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TDY has been the topic of a number of analyst reports. Stifel Nicolaus initiated coverage on Teledyne Technologies in a research note on Tuesday, June 24th. They set a "buy" rating and a $626.00 target price on the stock. Bank of America upped their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Needham & Company LLC reduced their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, TD Securities restated a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $554.43.

Teledyne Technologies Trading Up 0.5%

TDY traded up $2.87 during trading on Friday, hitting $530.39. 397,714 shares of the stock were exchanged, compared to its average volume of 273,093. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.19. The firm has a 50 day simple moving average of $497.98 and a 200 day simple moving average of $488.63. The firm has a market cap of $24.85 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 2.49 and a beta of 1.04. Teledyne Technologies Incorporated has a 1 year low of $391.58 and a 1 year high of $534.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.92 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $4.55 earnings per share. As a group, equities analysts expect that Teledyne Technologies Incorporated will post 21.55 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.