Bleakley Financial Group LLC Boosts Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Bleakley Financial Group LLC boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 681 shares of the scientific and technical instruments company’s stock after buying an additional 26 shares during the period. Bleakley Financial Group LLC’s holdings in Teledyne Technologies were worth $298,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TDY. Wolff Wiese Magana LLC purchased a new position in Teledyne Technologies during the third quarter valued at $27,000. American National Bank purchased a new position in shares of Teledyne Technologies in the 2nd quarter worth $28,000. Innealta Capital LLC purchased a new position in shares of Teledyne Technologies in the 2nd quarter worth $28,000. Tortoise Investment Management LLC grew its stake in shares of Teledyne Technologies by 48.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 24 shares in the last quarter. Finally, Crewe Advisors LLC grew its stake in shares of Teledyne Technologies by 319.0% in the 2nd quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 67 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TDY. Vertical Research began coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective for the company. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $450.50.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $469.94 on Thursday. The firm has a 50-day moving average price of $433.75 and a 200-day moving average price of $409.74. The firm has a market capitalization of $22.27 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 3.16 and a beta of 1.01. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $470.84.

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 (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.09. The firm had revenue of $1.37 billion during 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%. The business’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business earned $4.67 EPS. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 19.43 EPS for the current 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.