Earnest Partners LLC Increases Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Earnest Partners LLC increased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 3.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 398,642 shares of the scientific and technical instruments company’s stock after buying an additional 13,576 shares during the period. Earnest Partners LLC’s holdings in Teledyne Technologies were worth $154,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new stake in shares of Teledyne Technologies in the fourth quarter worth $29,000. American National Bank acquired a new stake in Teledyne Technologies during the 2nd quarter worth about $28,000. Innealta Capital LLC purchased a new stake in shares of Teledyne Technologies in the second quarter worth about $28,000. Tortoise Investment Management LLC grew its holdings 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 period. Finally, Crewe Advisors LLC raised its position in Teledyne Technologies by 319.0% during the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Trading Down 0.4 %

TDY stock opened at $433.51 on Thursday. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19. The business’s 50-day moving average is $419.61 and its 200 day moving average is $406.50. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. The stock has a market cap of $20.54 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 3.03 and a beta of 1.02.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TDY shares. Vertical Research started coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective on the stock. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $471.17.

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.