Teledyne Technologies Incorporated $TDY Holdings Increased by Candriam S.C.A.

Candriam S.C.A. boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 32.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,167 shares of the scientific and technical instruments company’s stock after buying an additional 1,010 shares during the period. Candriam S.C.A.’s holdings in Teledyne Technologies were worth $2,538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in shares of Teledyne Technologies during the second quarter worth about $28,000. Allied Private Wealth LLC bought a new position in shares of Teledyne Technologies in the second quarter worth approximately $28,000. Meeder Asset Management Inc. purchased a new stake in Teledyne Technologies in the first quarter valued at approximately $27,000. Elevation Wealth Partners LLC raised its stake in Teledyne Technologies by 1,025.0% in the third quarter. Elevation Wealth Partners LLC now owns 45 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 41 shares in the last quarter. Finally, Pension & Wealth Management Advisors Inc. bought a new stake in Teledyne Technologies during the third quarter valued at approximately $28,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TDY has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of Teledyne Technologies from $715.00 to $725.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 3rd. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $760.00 to $775.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Zacks Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Stifel Nicolaus upped their target price on shares of Teledyne Technologies from $775.00 to $795.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Finally, Weiss Ratings raised Teledyne Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $731.83.

Teledyne Technologies Stock Up 0.7%

Shares of NYSE:TDY opened at $650.80 on Thursday. The stock has a market capitalization of $29.96 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 2.38 and a beta of 0.89. The stock’s 50-day moving average price is $620.48 and its 200-day moving average price is $635.15. The company has a current ratio of 2.31, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. Teledyne Technologies Incorporated has a 12-month low of $483.02 and a 12-month high of $697.67.

Teledyne Technologies (NYSE:TDY) last released 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 analysts’ consensus estimates of $6.17 by $0.55. The firm had revenue of $1.68 billion for 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 company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.57 earnings per share. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post 25.58 earnings per share for the current year.

About Teledyne Technologies

Teledyne Technologies is an industrial technology company that develops and manufactures instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products and services support applications including environmental monitoring, marine research, scientific imaging, and industrial inspection. The company’s businesses include sensors and monitoring instruments, cameras and imaging systems, electronic components, and specialized engineering and manufacturing services.