1,775 Teledyne Technologies Incorporated $TDY Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,346 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,775 shares during the quarter. ProShare Advisors LLC’s holdings in Teledyne Technologies were worth $6,278,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Teledyne Technologies in the 2nd quarter valued at $2,751,121,000. Jupiter Topco LLC acquired a new stake in shares of Teledyne Technologies during the second quarter worth $1,027,237,000. Bank of America Corp DE acquired a new stake in shares of Teledyne Technologies during the second quarter worth $406,938,000. Findlay Park Partners LLP acquired a new stake in shares of Teledyne Technologies during the second quarter worth $277,363,000. Finally, Maren Capital LLC grew its position in shares of Teledyne Technologies by 4.1% in the second quarter. Maren Capital LLC now owns 376,928 shares of the scientific and technical instruments company’s stock valued at $251,373,000 after purchasing an additional 14,806 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Morgan Stanley upped their target price on Teledyne Technologies from $715.00 to $725.00 and gave the company an “equal weight” rating in a research note on Tuesday. Barclays raised their price target on Teledyne Technologies from $640.00 to $646.00 and gave the stock an “equal weight” rating in a research note on Monday, October 26th. Weiss Ratings upgraded Teledyne Technologies from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 29th. Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $760.00 to $775.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Finally, Zacks Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $731.83.

Teledyne Technologies Stock Down 4.8%

Shares of TDY opened at $631.98 on Thursday. The firm has a market cap of $29.10 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.44 and a beta of 0.89. The company’s fifty day moving average is $619.58 and its two-hundred day moving average is $634.41. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67. The company has a quick ratio of 1.51, a current ratio of 2.31 and a debt-to-equity ratio of 0.18.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.17 by $0.55. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Teledyne Technologies had a net margin of 15.75% and a return on equity of 10.89%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $5.57 EPS. Analysts forecast that Teledyne Technologies Incorporated will post 25.58 earnings per share for the current year.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Simon Lorne sold 6,449 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the completion of the sale, the director owned 55,783 shares of the company’s stock, valued at approximately $37,951,406.22. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.36% of the company’s stock.

Teledyne Technologies Profile

Teledyne Technologies Incorporated (NYSE: TDY) is an industrial technology company that develops and manufactures sophisticated electronic, digital imaging, aerospace and defense products. Its offerings are used in commercial, industrial, scientific, government and defense applications where sensing, imaging, measurement and data processing are important.

The company’s businesses include digital imaging sensors and cameras, scientific instruments, environmental and marine monitoring systems, aerospace and defense electronics, communications equipment, data-acquisition systems and engineered components.