Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Signaturefd LLC

Signaturefd LLC lifted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 16.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 842 shares of the scientific and technical instruments company’s stock after purchasing an additional 121 shares during the quarter. Signaturefd LLC’s holdings in Teledyne Technologies were worth $419,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Teledyne Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,612,484 shares of the scientific and technical instruments company’s stock worth $2,604,922,000 after buying an additional 46,479 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Teledyne Technologies by 0.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,723,082 shares of the scientific and technical instruments company’s stock worth $799,734,000 after purchasing an additional 13,607 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Teledyne Technologies by 1.6% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,316,360 shares of the scientific and technical instruments company’s stock worth $610,962,000 after purchasing an additional 20,165 shares during the period. Norges Bank purchased a new stake in Teledyne Technologies during the 4th quarter worth about $306,042,000. Finally, Invesco Ltd. increased its holdings in Teledyne Technologies by 4.6% during the 4th quarter. Invesco Ltd. now owns 626,522 shares of the scientific and technical instruments company’s stock worth $290,788,000 after purchasing an additional 27,454 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $558.96 on Friday. Teledyne Technologies Incorporated has a 12 month low of $391.58 and a 12 month high of $559.45. The stock has a market cap of $26.19 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 2.54 and a beta of 1.04. The stock’s 50 day moving average price is $503.02 and its 200 day moving average price is $490.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.19 and a quick ratio of 1.44.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $4.55 EPS. The company’s revenue was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. TD Securities reaffirmed a “buy” rating and set a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday, April 24th. Morgan Stanley raised their price objective on Teledyne Technologies from $535.00 to $580.00 and gave the company an “equal weight” rating in a research note on Thursday. Needham & Company LLC dropped their price objective on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Wall Street Zen upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Stifel Nicolaus began coverage on Teledyne Technologies in a report on Tuesday, June 24th. They set a “buy” rating and a $626.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Teledyne Technologies has an average rating of “Moderate Buy” and an average target price of $557.63.

Teledyne Technologies Company Profile

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.