MQS Management LLC purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,545 shares of the scientific and technical instruments company’s stock, valued at approximately $789,000.
Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Teledyne Technologies by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 5,977,792 shares of the scientific and technical instruments company’s stock worth $3,053,038,000 after purchasing an additional 66,984 shares during the last quarter. State Street Corp lifted its holdings in Teledyne Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company’s stock worth $1,291,957,000 after purchasing an additional 61,135 shares during the last quarter. Dodge & Cox lifted its holdings in Teledyne Technologies by 12.2% during the 3rd quarter. Dodge & Cox now owns 1,680,962 shares of the scientific and technical instruments company’s stock worth $985,111,000 after purchasing an additional 183,222 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Teledyne Technologies by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 942,825 shares of the scientific and technical instruments company’s stock worth $552,536,000 after purchasing an additional 24,222 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Teledyne Technologies by 25.7% during the 3rd quarter. Invesco Ltd. now owns 764,905 shares of the scientific and technical instruments company’s stock worth $448,265,000 after purchasing an additional 156,559 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.
Teledyne Technologies Trading Up 2.3%
Shares of TDY opened at $621.25 on Friday. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $693.38. The business’s fifty day moving average is $632.17 and its 200-day moving average is $591.41. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.16 and a current ratio of 1.76. The firm has a market cap of $28.78 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 2.91 and a beta of 0.97.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Citigroup lifted their price target on Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Jefferies Financial Group lifted their price objective on Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Stifel Nicolaus lifted their price objective on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Morgan Stanley lifted their price objective on Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a report on Wednesday, March 4th. Finally, Needham & Company LLC lifted their price objective on Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $693.71.
Check Out Our Latest Research Report on TDY
Teledyne Technologies Company Profile
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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