Asset Management One Co. Ltd. Boosts Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Asset Management One Co. Ltd. boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,594 shares of the scientific and technical instruments company’s stock after buying an additional 1,189 shares during the period. Asset Management One Co. Ltd. owned 0.08% of Teledyne Technologies worth $16,016,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tortoise Investment Management LLC increased 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 purchasing an additional 24 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Teledyne Technologies by 4.0% during the third quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company’s stock worth $298,000 after acquiring an additional 26 shares during the last quarter. Summit Trail Advisors LLC raised its position in Teledyne Technologies by 3.9% in the second quarter. Summit Trail Advisors LLC now owns 720 shares of the scientific and technical instruments company’s stock valued at $279,000 after purchasing an additional 27 shares during the period. Linscomb Wealth Inc. raised its position in Teledyne Technologies by 4.4% in the second quarter. Linscomb Wealth Inc. now owns 695 shares of the scientific and technical instruments company’s stock valued at $270,000 after purchasing an additional 29 shares during the period. Finally, MJP Associates Inc. ADV lifted its stake in shares of Teledyne Technologies by 5.6% in the 2nd quarter. MJP Associates Inc. ADV now owns 604 shares of the scientific and technical instruments company’s stock valued at $234,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

TDY has been the topic of several research analyst reports. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen boosted their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Vertical Research assumed coverage on 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average price target of $474.50.

Teledyne Technologies Stock Performance

Shares of TDY opened at $459.37 on Wednesday. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $475.73. The stock has a market capitalization of $21.41 billion, a PE ratio of 23.22, a PEG ratio of 3.19 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. The stock has a 50-day simple moving average of $441.55 and a 200-day simple moving average of $413.50.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $5.05 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Teledyne Technologies Incorporated will post 19.44 earnings per share for the current fiscal year.

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.