Kesler Norman & Wride LLC bought a new position in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,494 shares of the scientific and technical instruments company’s stock, valued at approximately $763,000.
Several other institutional investors and hedge funds have also made changes to their positions in TDY. Abich Financial Wealth Management LLC bought a new position in Teledyne Technologies during the third quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Teledyne Technologies during the fourth quarter valued at $28,000. Board of the Pension Protection Fund acquired a new stake in shares of Teledyne Technologies during the fourth quarter worth $41,000. Banque Cantonale Vaudoise acquired a new stake in shares of Teledyne Technologies during the third quarter worth $43,000. Finally, AlphaQuest LLC lifted its position in shares of Teledyne Technologies by 7,700.0% in the 3rd quarter. AlphaQuest LLC now owns 78 shares of the scientific and technical instruments company’s stock worth $46,000 after buying an additional 77 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.
Teledyne Technologies Trading Up 0.1%
Shares of NYSE:TDY opened at $619.69 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $629.77 and its 200 day moving average price is $598.01. The company has a market cap of $28.71 billion, a PE ratio of 31.34, a P/E/G ratio of 2.96 and a beta of 0.94. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $693.38.
Analysts Set New Price Targets
A number of brokerages recently weighed in on TDY. Stifel Nicolaus boosted their price objective on shares of Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Jefferies Financial Group lifted their target price on Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Barclays upped their target price on Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Needham & Company LLC increased their price target on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Citigroup boosted their price objective on Teledyne Technologies from $649.00 to $677.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $693.71.
Read Our Latest Stock Analysis on Teledyne Technologies
Teledyne Technologies 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.
Read More
- Five stocks we like better than Teledyne Technologies
- Coke’s $10B India IPO Plan Pops the Top on Hidden Value
- FedEx Unboxes Billions in Post-Spinoff Value
- Marvell’s AI Moment Raises a Bigger Question for Amazon and ServiceNow
- Palo Alto Networks Accelerates Growth 31% on AI Demand
Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDY – Free Report).
Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
