Summit Trail Advisors LLC Has $279,000 Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Summit Trail Advisors LLC increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 720 shares of the scientific and technical instruments company’s stock after buying an additional 27 shares during the period. Summit Trail Advisors LLC’s holdings in Teledyne Technologies were worth $279,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. UBS Group AG lifted its position in shares of Teledyne Technologies by 264.5% in the 4th quarter. UBS Group AG now owns 58,834 shares of the scientific and technical instruments company’s stock worth $26,257,000 after purchasing an additional 42,691 shares during the period. Corient Private Wealth LLC lifted its position in shares of Teledyne Technologies by 5.3% during the 4th quarter. Corient Private Wealth LLC now owns 4,209 shares of the scientific and technical instruments company’s stock valued at $1,878,000 after acquiring an additional 210 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Teledyne Technologies by 3.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 12,497 shares of the scientific and technical instruments company’s stock valued at $5,577,000 after acquiring an additional 468 shares during the period. Hsbc Holdings PLC lifted its position in shares of Teledyne Technologies by 28.4% during the 4th quarter. Hsbc Holdings PLC now owns 91,664 shares of the scientific and technical instruments company’s stock valued at $40,905,000 after acquiring an additional 20,263 shares during the period. Finally, TD Asset Management Inc lifted its position in shares of Teledyne Technologies by 3.8% during the 4th quarter. TD Asset Management Inc now owns 27,242 shares of the scientific and technical instruments company’s stock valued at $12,158,000 after acquiring an additional 1,000 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

NYSE TDY opened at $435.28 on Wednesday. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $448.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. The firm has a market cap of $20.62 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 3.01 and a beta of 1.02. The company has a fifty day moving average price of $418.98 and a 200-day moving average price of $406.31.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TDY. Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. StockNews.com downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Vertical Research started coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.