American Century Companies Inc. Buys 199 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

American Century Companies Inc. grew its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 7.3% during the second quarter, Holdings Channel.com reports. The fund owned 2,929 shares of the scientific and technical instruments company’s stock after purchasing an additional 199 shares during the quarter. American Century Companies Inc.’s holdings in Teledyne Technologies were worth $1,136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDY. Linscomb Wealth Inc. lifted its position in Teledyne Technologies by 4.4% during the second quarter. Linscomb Wealth Inc. now owns 695 shares of the scientific and technical instruments company’s stock valued at $270,000 after acquiring an additional 29 shares during the last quarter. AGF Management Ltd. raised its holdings in shares of Teledyne Technologies by 14.0% in the second quarter. AGF Management Ltd. now owns 5,910 shares of the scientific and technical instruments company’s stock worth $2,293,000 after buying an additional 727 shares during the last quarter. Studio Investment Management LLC raised its holdings in shares of Teledyne Technologies by 43.1% in the second quarter. Studio Investment Management LLC now owns 229 shares of the scientific and technical instruments company’s stock worth $89,000 after buying an additional 69 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Teledyne Technologies by 7.7% in the second quarter. Daiwa Securities Group Inc. now owns 7,282 shares of the scientific and technical instruments company’s stock worth $2,826,000 after buying an additional 521 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in shares of Teledyne Technologies by 11.7% in the second quarter. Royal London Asset Management Ltd. now owns 20,498 shares of the scientific and technical instruments company’s stock worth $7,953,000 after buying an additional 2,152 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on TDY. Vertical Research began coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Finally, Needham & Company LLC raised their target price on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $466.40.

Teledyne Technologies Stock Up 0.4 %

Shares of NYSE TDY opened at $437.66 on Tuesday. The company’s 50-day simple moving average is $421.20 and its 200-day simple moving average is $406.55. 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 $20.47 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02. 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 posted its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. The firm 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 quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.67 earnings per share. Equities analysts predict that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal year.

Teledyne Technologies 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.