City Holding Co. Takes $38,000 Position in Teledyne Technologies Incorporated (NYSE:TDY)

City Holding Co. acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 77 shares of the scientific and technical instruments company’s stock, valued at approximately $38,000.

Several other large investors have also recently modified their holdings of TDY. Quarry LP purchased a new stake in Teledyne Technologies during the fourth quarter valued at approximately $28,000. NBC Securities Inc. purchased a new stake in Teledyne Technologies during the first quarter valued at approximately $28,000. Hurley Capital LLC purchased a new stake in Teledyne Technologies during the fourth quarter valued at approximately $33,000. Ancora Advisors LLC lifted its position in Teledyne Technologies by 192.3% during the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 50 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in Teledyne Technologies during the fourth quarter valued at approximately $42,000. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TDY. Bank of America upped their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Needham & Company LLC cut their price target on shares of 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 shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, TD Securities restated a “buy” rating and set a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $542.50.

Teledyne Technologies Stock Down 0.8%

NYSE:TDY opened at $501.29 on Wednesday. The firm has a market capitalization of $23.49 billion, a P/E ratio of 29.09, a PEG ratio of 3.14 and a beta of 1.04. Teledyne Technologies Incorporated has a 1-year low of $380.63 and a 1-year high of $522.50. The company’s fifty day moving average price is $476.93 and its 200-day moving average price is $483.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 14.45% and a return on equity of 9.94%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.55 earnings per share. As a group, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

About Teledyne Technologies

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.