International Assets Investment Management LLC Takes Position in Teledyne Technologies Incorporated (NYSE:TDY)

International Assets Investment Management LLC acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 166 shares of the scientific and technical instruments company’s stock, valued at approximately $64,000.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Teledyne Technologies by 21.9% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,795 shares of the scientific and technical instruments company’s stock valued at $2,248,000 after buying an additional 1,043 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Teledyne Technologies in the second quarter worth approximately $329,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Teledyne Technologies by 1.4% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,019 shares of the scientific and technical instruments company’s stock valued at $1,171,000 after purchasing an additional 41 shares during the last quarter. Crewe Advisors LLC lifted its position in Teledyne Technologies by 319.0% during the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 67 shares during the period. Finally, Innealta Capital LLC purchased a new stake in Teledyne Technologies in the second quarter worth approximately $28,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Up 2.3 %

NYSE TDY opened at $429.60 on Thursday. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $448.19. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $20.10 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 3.04 and a beta of 1.02. The stock’s 50-day moving average price is $406.70 and its 200-day moving average price is $406.15.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $4.67 EPS. On average, equities research analysts predict that Teledyne Technologies Incorporated will post 19.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TDY shares. Needham & Company LLC increased their price target on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Vertical Research assumed coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target for the company. Finally, StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $471.17.

Teledyne Technologies Profile

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.