Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.7% in the 1st quarter, Holdings Channel reports. The firm owned 38,298 shares of the scientific and technical instruments company’s stock after buying an additional 1,712 shares during the period. Asset Management One Co. Ltd.’s holdings in Teledyne Technologies were worth $19,061,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. GHP Investment Advisors Inc. lifted its position in shares of Teledyne Technologies by 3.1% in the 1st quarter. GHP Investment Advisors Inc. now owns 32,687 shares of the scientific and technical instruments company’s stock valued at $16,268,000 after acquiring an additional 978 shares in the last quarter. Longboard Asset Management LP purchased a new stake in shares of Teledyne Technologies in the 1st quarter valued at approximately $212,000. Crumly & Associates Inc. lifted its position in shares of Teledyne Technologies by 5.9% in the 1st quarter. Crumly & Associates Inc. now owns 705 shares of the scientific and technical instruments company’s stock valued at $351,000 after acquiring an additional 39 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Teledyne Technologies in the 1st quarter valued at approximately $670,000. Finally, Running Oak Capital LLC lifted its position in shares of Teledyne Technologies by 2.9% in the 1st quarter. Running Oak Capital LLC now owns 31,274 shares of the scientific and technical instruments company’s stock valued at $15,565,000 after acquiring an additional 872 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDY has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. TD Securities restated a “buy” rating and issued a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a research report on Tuesday. They issued a “buy” rating and a $626.00 price target for the company. Needham & Company LLC reduced their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, Bank of America upped their price objective 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. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $554.43.

Teledyne Technologies Stock Up 0.6%

Teledyne Technologies stock opened at $497.59 on Thursday. The firm has a market cap of $23.32 billion, a PE ratio of 28.43, a P/E/G ratio of 2.33 and a beta of 1.04. 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’s 50 day moving average price is $485.02 and its two-hundred day moving average price is $484.80. Teledyne Technologies Incorporated has a twelve month low of $380.63 and a twelve month high of $522.50.

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, beating the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.37% and a return on equity of 9.95%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business earned $4.55 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal 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.