Teledyne Technologies Incorporated $TDY Holdings Raised by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 92.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,409 shares of the scientific and technical instruments company’s stock after buying an additional 1,639 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Teledyne Technologies were worth $2,064,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Teledyne Technologies during the second quarter valued at about $2,751,121,000. Jupiter Topco LLC purchased a new stake in shares of Teledyne Technologies in the second quarter worth about $1,027,237,000. Bank of America Corp DE bought a new position in Teledyne Technologies during the second quarter valued at approximately $406,938,000. Findlay Park Partners LLP bought a new position in Teledyne Technologies during the second quarter valued at approximately $277,363,000. Finally, Port Capital LLC bought a new position in Teledyne Technologies during the second quarter valued at approximately $162,900,000. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on TDY shares. Morgan Stanley lifted their price objective on Teledyne Technologies from $715.00 to $725.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 3rd. Needham & Company LLC increased their target price on Teledyne Technologies from $760.00 to $775.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Zacks Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Barclays boosted their price target on shares of Teledyne Technologies from $640.00 to $646.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. Finally, Weiss Ratings raised shares of Teledyne Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four 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 $731.83.

Teledyne Technologies Trading Up 0.5%

TDY opened at $646.24 on Wednesday. The firm has a market cap of $29.75 billion, a P/E ratio of 25.63, a P/E/G ratio of 2.37 and a beta of 0.89. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $697.67. The company has a current ratio of 2.31, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $619.66 and a 200 day moving average of $634.95.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.17 by $0.55. Teledyne Technologies had a return on equity of 10.89% and a net margin of 15.75%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $5.57 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 25.58 EPS for the current year.

Teledyne Technologies Company 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.