Vise Technologies Inc. acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 816 shares of the scientific and technical instruments company’s stock, valued at approximately $544,000.
A number of other institutional investors also recently modified their holdings of TDY. Meeder Asset Management Inc. bought a new stake in Teledyne Technologies during the 1st quarter worth approximately $27,000. Allied Private Wealth LLC acquired a new position in Teledyne Technologies in the second quarter worth $28,000. Trust Co. of Vermont bought a new stake in shares of Teledyne Technologies during the second quarter worth $28,000. DV Equities LLC bought a new stake in shares of Teledyne Technologies during the fourth quarter worth $33,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Teledyne Technologies in the third quarter valued at $43,000. Institutional investors own 91.58% of the company’s stock.
Teledyne Technologies Stock Performance
Shares of NYSE:TDY opened at $625.50 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.39 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 $697.67. The stock has a market capitalization of $29.00 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.77 and a beta of 0.92. The business has a 50-day moving average price of $647.70 and a two-hundred day moving average price of $641.61.
Insider Buying and Selling
In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the completion of the sale, the director owned 55,783 shares in the company, valued at approximately $37,951,406.22. The trade was a 10.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.36% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently issued reports on TDY shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, August 19th. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Zacks Research raised shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Stifel Nicolaus upped their target price on shares of Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $721.67.
Read 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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