Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Wedbush Securities Inc.

Wedbush Securities Inc. boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,098 shares of the scientific and technical instruments company’s stock after purchasing an additional 103 shares during the period. Wedbush Securities Inc.’s holdings in Teledyne Technologies were worth $426,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TDY. Oak Thistle LLC acquired a new stake in Teledyne Technologies during the second quarter worth about $249,000. Emerald Advisers LLC purchased a new position in Teledyne Technologies in the 2nd quarter worth about $551,000. Acadian Asset Management LLC acquired a new stake in Teledyne Technologies during the 2nd quarter valued at $373,000. SVB Wealth LLC increased its holdings in shares of Teledyne Technologies by 17.5% in the 2nd quarter. SVB Wealth LLC now owns 9,429 shares of the scientific and technical instruments company’s stock valued at $3,658,000 after purchasing an additional 1,406 shares during the period. Finally, One Wealth Management Investment & Advisory Services LLC raised its holdings in shares of Teledyne Technologies by 8.8% during the second quarter. One Wealth Management Investment & Advisory Services LLC now owns 521 shares of the scientific and technical instruments company’s stock worth $202,000 after acquiring an additional 42 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

TDY opened at $427.75 on Friday. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The firm has a market cap of $20.01 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 2.98 and a beta of 1.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The business’s fifty day moving average is $413.34 and its 200-day moving average is $406.31.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.09. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.67 earnings per share. Sell-side analysts expect that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Vertical Research began coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target on the stock. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Needham & Company LLC increased their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, July 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $471.17.

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.