Keybank National Association OH Buys 1,654 Shares of Teledyne Technologies Incorporated $TDY

Keybank National Association OH boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,546 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,654 shares during the period. Keybank National Association OH owned 0.21% of Teledyne Technologies worth $57,371,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TDY. AlphaCore Capital LLC increased its holdings in Teledyne Technologies by 5.7% during the third quarter. AlphaCore Capital LLC now owns 1,262 shares of the scientific and technical instruments company’s stock worth $766,000 after buying an additional 68 shares during the last quarter. Running Oak Capital LLC lifted its stake in Teledyne Technologies by 2.9% in the third quarter. Running Oak Capital LLC now owns 17,976 shares of the scientific and technical instruments company’s stock valued at $10,908,000 after acquiring an additional 510 shares during the last quarter. Fulcrum Asset Management LLP lifted its stake in Teledyne Technologies by 92.6% in the third quarter. Fulcrum Asset Management LLP now owns 3,409 shares of the scientific and technical instruments company’s stock valued at $2,064,000 after acquiring an additional 1,639 shares during the last quarter. Beverly Hills Private Wealth LLC bought a new position in shares of Teledyne Technologies in the 3rd quarter valued at about $211,000. Finally, Candriam S.C.A. grew its position in shares of Teledyne Technologies by 32.0% in the 3rd quarter. Candriam S.C.A. now owns 4,167 shares of the scientific and technical instruments company’s stock valued at $2,538,000 after acquiring an additional 1,010 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Price Performance

Shares of TDY opened at $646.24 on Wednesday. The company’s 50-day moving average is $619.66 and its 200-day moving average is $634.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.31 and a quick ratio of 1.51. The firm has a market capitalization of $29.75 billion, a PE ratio of 29.54, a PEG ratio of 2.37 and a beta of 0.89. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 EPS for the quarter, topping the consensus estimate of $6.17 by $0.55. Teledyne Technologies had a net margin of 15.75% and a return on equity of 10.89%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm posted $5.57 EPS. Teledyne Technologies’s revenue was up 9.4% compared to the same quarter last year. Equities analysts forecast that Teledyne Technologies Incorporated will post 25.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TDY. Stifel Nicolaus boosted their price objective on shares of Teledyne Technologies from $775.00 to $795.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Barclays raised their target price on shares of Teledyne Technologies from $640.00 to $646.00 and gave the company an “equal weight” rating in a research note on Monday, October 26th. Needham & Company LLC lifted their price target on Teledyne Technologies from $760.00 to $775.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Morgan Stanley boosted their price target on Teledyne Technologies from $715.00 to $725.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 3rd. Finally, Weiss Ratings upgraded Teledyne Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $731.83.

Teledyne Technologies Profile

Teledyne Technologies is an industrial technology company that develops and manufactures instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products and services support applications including environmental monitoring, marine research, scientific imaging, and industrial inspection. The company’s businesses include sensors and monitoring instruments, cameras and imaging systems, electronic components, and specialized engineering and manufacturing services.