Gideon Capital Advisors Inc. bought a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, Holdings Channel reports. The institutional investor bought 18,227 shares of the company’s stock, valued at approximately $463,000. Gideon Capital Advisors Inc. owned about 0.05% of Teledyne Technologies at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd increased its position in Teledyne Technologies by 8.1% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 3,220 shares of the company’s stock valued at $396,000 after buying an additional 240 shares in the last quarter. Elkfork Partners LLC bought a new position in Teledyne Technologies during the fourth quarter valued at about $213,000. Martingale Asset Management L P increased its position in Teledyne Technologies by 10.2% in the fourth quarter. Martingale Asset Management L P now owns 41,004 shares of the company’s stock valued at $5,044,000 after buying an additional 3,802 shares in the last quarter. Oxford Asset Management increased its position in Teledyne Technologies by 104.8% in the fourth quarter. Oxford Asset Management now owns 11,350 shares of the company’s stock valued at $1,396,000 after buying an additional 5,808 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Teledyne Technologies by 0.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,173 shares of the company’s stock valued at $636,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 86.15% of the company’s stock.

Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

Shares of Teledyne Technologies Incorporated (NYSE:TDY) traded up 0.34% during midday trading on Thursday, hitting $132.79. 159,511 shares of the stock were exchanged. The firm has a 50-day moving average price of $124.96 and a 200-day moving average price of $114.98. Teledyne Technologies Incorporated has a 12-month low of $81.28 and a 12-month high of $133.14. The company has a market cap of $4.77 billion, a PE ratio of 24.71 and a beta of 0.98.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.29. The company earned $552.90 million during the quarter, compared to analyst estimates of $549.15 million. Teledyne Technologies had a net margin of 8.82% and a return on equity of 13.19%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the business earned $1.57 EPS. On average, equities analysts predict that Teledyne Technologies Incorporated will post $5.45 EPS for the current year.

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TDY has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a research note on Wednesday, February 8th. Jefferies Group LLC restated a “hold” rating and issued a $120.00 price objective (up previously from $105.00) on shares of Teledyne Technologies in a research note on Thursday, December 15th.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to a range of markets, which include deepwater oil and gas exploration and production, oceanographic research, and air and water quality environmental monitoring. Its products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, and electronic test and measurement equipment.

5 Day Chart for NYSE:TDY

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