XTX Topco Ltd Purchases New Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

XTX Topco Ltd purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,474 shares of the scientific and technical instruments company’s stock, valued at approximately $960,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDY. Maren Capital LLC bought a new position in Teledyne Technologies during the fourth quarter valued at about $82,700,000. Public Sector Pension Investment Board grew its stake in shares of Teledyne Technologies by 1,755.0% in the 4th quarter. Public Sector Pension Investment Board now owns 93,325 shares of the scientific and technical instruments company’s stock valued at $41,650,000 after purchasing an additional 88,294 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Teledyne Technologies by 235.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock valued at $48,593,000 after purchasing an additional 87,925 shares during the period. Vanguard Group Inc. grew its stake in shares of Teledyne Technologies by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 5,517,922 shares of the scientific and technical instruments company’s stock valued at $2,462,593,000 after purchasing an additional 77,890 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Teledyne Technologies by 3.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock valued at $676,041,000 after purchasing an additional 48,397 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Down 1.0 %

NYSE TDY opened at $432.13 on Friday. The firm has a market cap of $20.47 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $448.19. The stock’s 50 day simple moving average is $417.58 and its 200 day simple moving average is $406.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28.

Teledyne Technologies (NYSE:TDY) last released its quarterly 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 business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. Teledyne Technologies’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $4.67 EPS. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TDY has been the topic of several analyst reports. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Vertical Research initiated coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective on the stock. Finally, Needham & Company LLC upped their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.