Scientech Research LLC Purchases Shares of 1,433 Teledyne Technologies Incorporated (NYSE:TDY)

Scientech Research LLC purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,433 shares of the scientific and technical instruments company’s stock, valued at approximately $556,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDY. Corient Private Wealth LLC increased its position in Teledyne Technologies by 5.3% in the 4th quarter. Corient Private Wealth LLC now owns 4,209 shares of the scientific and technical instruments company’s stock valued at $1,878,000 after acquiring an additional 210 shares during the period. TD Asset Management Inc increased its position in Teledyne Technologies by 3.8% in the 4th quarter. TD Asset Management Inc now owns 27,242 shares of the scientific and technical instruments company’s stock valued at $12,158,000 after acquiring an additional 1,000 shares during the period. Stifel Financial Corp increased its position in Teledyne Technologies by 7.1% in the 4th quarter. Stifel Financial Corp now owns 35,250 shares of the scientific and technical instruments company’s stock valued at $15,732,000 after acquiring an additional 2,322 shares during the period. Treasurer of the State of North Carolina increased its position in Teledyne Technologies by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 20,677 shares of the scientific and technical instruments company’s stock valued at $9,228,000 after acquiring an additional 210 shares during the period. Finally, Bank of Nova Scotia increased its position in shares of Teledyne Technologies by 25.8% during the fourth quarter. Bank of Nova Scotia now owns 6,835 shares of the scientific and technical instruments company’s stock worth $3,050,000 after buying an additional 1,401 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on TDY. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Needham & Company LLC increased their price objective 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 began coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $466.40.

Teledyne Technologies Stock Down 0.1 %

Shares of NYSE TDY opened at $435.74 on Friday. The firm has a market cap of $20.38 billion, a PE ratio of 23.57, a P/E/G ratio of 3.05 and a beta of 1.02. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19. The company’s fifty day simple moving average is $421.20 and its 200 day simple moving average is $406.78. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.09. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. Teledyne Technologies’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.67 earnings per share. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

About Teledyne Technologies

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.