Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 59.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 2,956 shares of the scientific and technical instruments company’s stock after buying an additional 1,100 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Teledyne Technologies were worth $1,788,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Teledyne Technologies in the 1st quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Teledyne Technologies during the 4th quarter valued at about $28,000. DV Equities LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter valued at about $33,000. Banque Cantonale Vaudoise bought a new stake in shares of Teledyne Technologies in the 3rd quarter valued at approximately $43,000. Finally, eCIO Inc. bought a new stake in shares of Teledyne Technologies in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 91.58% of the company’s stock.
Teledyne Technologies Stock Up 1.2%
Teledyne Technologies stock opened at $657.18 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.18 and a quick ratio of 1.39. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $693.38. The firm has a fifty day moving average price of $631.29 and a two-hundred day moving average price of $633.25. The firm has a market cap of $30.47 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 3.03 and a beta of 0.92.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Citigroup boosted their target price on shares of Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Zacks Research upgraded shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Finally, Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Teledyne Technologies presently has an average rating of “Moderate Buy” and an average target price of $715.83.
Get Our Latest Report 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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