GHP Investment Advisors Inc. Increases Position in Teledyne Technologies Incorporated (TDY)

GHP Investment Advisors Inc. boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,255 shares of the scientific and technical instruments company’s stock after buying an additional 495 shares during the period. GHP Investment Advisors Inc.’s holdings in Teledyne Technologies were worth $1,676,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Virginia Retirement Systems ET AL raised its position in shares of Teledyne Technologies by 46.3% in the third quarter. Virginia Retirement Systems ET AL now owns 109,900 shares of the scientific and technical instruments company’s stock valued at $11,862,000 after buying an additional 34,800 shares in the last quarter. Ironwood Investment Management LLC raised its position in shares of Teledyne Technologies by 26.1% in the third quarter. Ironwood Investment Management LLC now owns 2,704 shares of the scientific and technical instruments company’s stock valued at $292,000 after buying an additional 560 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Teledyne Technologies by 1.1% in the third quarter. Advisors Asset Management Inc. now owns 21,133 shares of the scientific and technical instruments company’s stock valued at $2,281,000 after buying an additional 221 shares in the last quarter. TT International raised its position in shares of Teledyne Technologies by 118.8% in the third quarter. TT International now owns 55,149 shares of the scientific and technical instruments company’s stock valued at $5,952,000 after buying an additional 29,944 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Teledyne Technologies by 0.8% in the third quarter. Mutual of America Capital Management LLC now owns 67,572 shares of the scientific and technical instruments company’s stock valued at $7,293,000 after buying an additional 565 shares in the last quarter. Hedge funds and other institutional investors own 86.15% of the company’s stock.

Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

Teledyne Technologies Incorporated (NYSE:TDY) traded up 1.44% during trading on Friday, reaching $127.86. The company’s stock had a trading volume of 161,968 shares. The stock has a 50 day moving average price of $129.60 and a 200 day moving average price of $126.00. Teledyne Technologies Incorporated has a 1-year low of $92.52 and a 1-year high of $137.00. The stock has a market capitalization of $4.51 billion, a PE ratio of 25.11 and a beta of 0.98.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, May 4th. The scientific and technical instruments company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.51. Teledyne Technologies had a return on equity of 13.19% and a net margin of 8.82%. The firm had revenue of $566.10 million for the quarter, compared to analyst estimates of $539.40 million. During the same quarter in the prior year, the company earned $1.10 EPS. Teledyne Technologies’s revenue was up 6.7% on a year-over-year basis. Analysts anticipate that Teledyne Technologies Incorporated will post $5.27 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on TDY shares. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research note on Wednesday, February 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $140.00 target price on shares of Teledyne Technologies in a research note on Friday, May 5th.

About Teledyne Technologies

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

12 Month Chart for NYSE:TDY

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