SkyView Investment Advisors LLC Has $695,000 Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

SkyView Investment Advisors LLC grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,792 shares of the scientific and technical instruments company’s stock after acquiring an additional 164 shares during the period. SkyView Investment Advisors LLC’s holdings in Teledyne Technologies were worth $695,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. American National Bank bought a new position in shares of Teledyne Technologies during the second quarter worth approximately $28,000. Innealta Capital LLC bought a new position in Teledyne Technologies during the 2nd quarter worth $28,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Teledyne Technologies during the fourth quarter worth $29,000. Tortoise Investment Management LLC boosted its position in shares of Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after acquiring an additional 24 shares during the period. Finally, Crewe Advisors LLC grew its stake in shares of Teledyne Technologies by 319.0% in 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. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TDY shares. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Vertical Research started 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 for the company. Finally, Needham & Company LLC increased their price target on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $466.40.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $435.74 on Friday. The firm has a 50 day moving average of $421.20 and a 200-day moving average of $406.78. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19. 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 capitalization of $20.38 billion, a PE ratio of 23.57, a PEG ratio of 3.05 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY) last released its earnings results 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. 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 prior year, the company earned $4.67 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, equities research analysts predict that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal year.

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.