Czech National Bank Buys 38 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Czech National Bank raised its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 0.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 8,302 shares of the scientific and technical instruments company’s stock after purchasing an additional 38 shares during the quarter. Czech National Bank’s holdings in Teledyne Technologies were worth $3,564,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Fulton Bank N.A. increased its holdings in shares of Teledyne Technologies by 5.8% in the 1st quarter. Fulton Bank N.A. now owns 1,171 shares of the scientific and technical instruments company’s stock worth $503,000 after buying an additional 64 shares during the last quarter. Mather Group LLC. bought a new position in shares of Teledyne Technologies in the 1st quarter worth $111,000. NBC Securities Inc. increased its holdings in shares of Teledyne Technologies by 89.4% in the 1st quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock worth $38,000 after buying an additional 42 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Teledyne Technologies in the 4th quarter worth $29,000. Finally, Nomura Holdings Inc. bought a new position in shares of Teledyne Technologies in the 4th quarter worth $425,000. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TDY. TD Cowen decreased their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Needham & Company LLC cut their price objective on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Bank of America cut shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $490.00 to $400.00 in a research note on Friday, April 26th. Finally, StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $470.83.

Teledyne Technologies Trading Up 0.5 %

Shares of TDY opened at $388.60 on Friday. The stock has a market capitalization of $18.41 billion, a P/E ratio of 21.02, a PEG ratio of 2.72 and a beta of 1.04. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $393.39 and a two-hundred day simple moving average of $415.21. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $448.19.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share for the quarter, missing the consensus estimate of $4.63 by ($0.08). The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.53 EPS. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 19.36 EPS for the current year.

About Teledyne Technologies

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.