Wellington Management Group LLP Purchases 99 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Wellington Management Group LLP raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 1.8% during the 4th quarter, HoldingsChannel reports. The fund owned 5,664 shares of the scientific and technical instruments company’s stock after buying an additional 99 shares during the quarter. Wellington Management Group LLP’s holdings in Teledyne Technologies were worth $2,528,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Teledyne Technologies by 0.3% in the third quarter. Vanguard Group Inc. now owns 5,440,032 shares of the scientific and technical instruments company’s stock worth $2,222,688,000 after purchasing an additional 13,645 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Teledyne Technologies by 19.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 922,621 shares of the scientific and technical instruments company’s stock worth $376,965,000 after buying an additional 151,659 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of Teledyne Technologies by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 613,023 shares of the scientific and technical instruments company’s stock worth $273,586,000 after buying an additional 9,843 shares during the last quarter. Norges Bank bought a new position in shares of Teledyne Technologies in the 4th quarter valued at about $243,111,000. Finally, Northern Trust Corp increased its position in shares of Teledyne Technologies by 1.9% in the fourth quarter. Northern Trust Corp now owns 519,334 shares of the scientific and technical instruments company’s stock valued at $231,774,000 after acquiring an additional 9,455 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 0.4 %

Shares of Teledyne Technologies stock opened at $387.98 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29. The business has a fifty day simple moving average of $392.05 and a two-hundred day simple moving average of $414.37. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $448.19. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.73 and a beta of 1.04.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted $4.53 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Research analysts forecast that Teledyne Technologies Incorporated will post 19.36 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on TDY. StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Needham & Company LLC decreased their target price on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Bank of America lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. Finally, TD Cowen decreased their price objective on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $470.83.

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.