Mutual of America Capital Management LLC Raises Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Mutual of America Capital Management LLC grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,211 shares of the scientific and technical instruments company’s stock after buying an additional 288 shares during the period. Mutual of America Capital Management LLC’s holdings in Teledyne Technologies were worth $5,902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kapitalo Investimentos Ltda purchased a new stake in Teledyne Technologies in the fourth quarter worth about $29,000. American National Bank purchased a new stake in shares of Teledyne Technologies in the 2nd quarter worth approximately $28,000. Innealta Capital LLC bought a new position in Teledyne Technologies during the 2nd quarter valued at approximately $28,000. Tortoise Investment Management LLC raised its stake in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 24 shares during the last quarter. Finally, Crewe Advisors LLC boosted its holdings in Teledyne Technologies by 319.0% in the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 67 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TDY shares. Needham & Company LLC lifted their price target on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Vertical Research began coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price on the stock. Finally, StockNews.com downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Teledyne Technologies has an average rating of “Moderate Buy” and an average price target of $471.17.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $432.13 on Friday. 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 firm’s 50-day moving average price is $417.58 and its 200-day moving average price is $406.46. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The company has a market cap of $20.47 billion, a PE ratio of 23.37, a PEG ratio of 3.01 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the business earned $4.67 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 19.43 EPS for the current year.

Teledyne Technologies Company 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.