Whittier Trust Co. of Nevada Inc. Boosts Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Whittier Trust Co. of Nevada Inc. lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,261 shares of the scientific and technical instruments company’s stock after acquiring an additional 596 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Teledyne Technologies were worth $6,241,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TDY. Wolff Wiese Magana LLC acquired a new position in Teledyne Technologies during the third quarter worth about $27,000. American National Bank acquired a new stake in shares of Teledyne Technologies during the second quarter valued at $28,000. Innealta Capital LLC acquired a new stake in shares of Teledyne Technologies during the 2nd quarter worth about $28,000. Tortoise Investment Management LLC boosted its position in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 24 shares during the last quarter. Finally, Crewe Advisors LLC grew its stake in Teledyne Technologies by 319.0% in the 2nd quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 0.4 %

TDY traded down $1.96 on Monday, reaching $448.10. 120,037 shares of the company’s stock were exchanged, compared to its average volume of 238,884. The company has a market cap of $20.96 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 3.16 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $458.15. The company’s 50 day moving average is $431.07 and its 200-day moving average is $408.92.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm posted $4.67 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities analysts predict that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on TDY shares. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Needham & Company LLC raised their target price on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Vertical Research assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Teledyne Technologies presently has an average rating of “Moderate Buy” and an average price target of $450.50.

Teledyne Technologies 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.