Bank Julius Baer & Co. Ltd Zurich decreased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 44.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,471 shares of the scientific and technical instruments company’s stock after selling 9,108 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Teledyne Technologies were worth $5,917,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Allworth Financial LP raised its position in shares of Teledyne Technologies by 78.1% during the 4th quarter. Allworth Financial LP now owns 554 shares of the scientific and technical instruments company’s stock valued at $283,000 after acquiring an additional 243 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs grew its position in shares of Teledyne Technologies by 15.2% during the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 2,713 shares of the scientific and technical instruments company’s stock worth $1,386,000 after buying an additional 358 shares during the period. Swiss Life Asset Management Ltd raised its position in shares of Teledyne Technologies by 4.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 8,032 shares of the scientific and technical instruments company’s stock valued at $4,102,000 after acquiring an additional 320 shares during the period. NewEdge Wealth LLC increased its stake in Teledyne Technologies by 2.8% in the fourth quarter. NewEdge Wealth LLC now owns 10,523 shares of the scientific and technical instruments company’s stock valued at $5,374,000 after purchasing an additional 285 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Teledyne Technologies by 59.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 3,339 shares of the scientific and technical instruments company’s stock valued at $1,705,000 after buying an additional 1,251 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.
Teledyne Technologies Stock Up 0.4%
Teledyne Technologies stock opened at $638.35 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $693.38. The company has a fifty day simple moving average of $637.50 and a 200 day simple moving average of $588.05. The company has a market cap of $29.57 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 3.04 and a beta of 0.97.
Analyst Ratings Changes
A number of research firms have recently commented on TDY. Stifel Nicolaus raised their price target on Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Barclays raised their target price on shares of Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Morgan Stanley lifted their price target on shares of Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Jefferies Financial Group raised their price objective on shares of Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Citigroup upped their target price on shares of Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average price target of $693.71.
Get 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.
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