3,085 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Acquired by MBB Public Markets I LLC

MBB Public Markets I LLC purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,085 shares of the scientific and technical instruments company’s stock, valued at approximately $1,197,000.

Other large investors have also recently bought and sold shares of the company. TD Asset Management Inc grew its holdings in shares of Teledyne Technologies by 3.8% in the 4th quarter. TD Asset Management Inc now owns 27,242 shares of the scientific and technical instruments company’s stock worth $12,158,000 after purchasing an additional 1,000 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Teledyne Technologies by 7.1% during the fourth quarter. Stifel Financial Corp now owns 35,250 shares of the scientific and technical instruments company’s stock worth $15,732,000 after buying an additional 2,322 shares in the last quarter. Bank of Nova Scotia raised its stake in shares of Teledyne Technologies by 25.8% in the fourth quarter. Bank of Nova Scotia now owns 6,835 shares of the scientific and technical instruments company’s stock valued at $3,050,000 after acquiring an additional 1,401 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Teledyne Technologies by 2.7% in the 4th quarter. California State Teachers Retirement System now owns 74,648 shares of the scientific and technical instruments company’s stock worth $33,315,000 after acquiring an additional 1,957 shares in the last quarter. Finally, KBC Group NV grew its position in Teledyne Technologies by 7.8% during the 4th quarter. KBC Group NV now owns 10,068 shares of the scientific and technical instruments company’s stock worth $4,493,000 after acquiring an additional 729 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Trading Up 0.4 %

TDY stock opened at $437.66 on Tuesday. The business has a fifty day moving average of $421.20 and a 200-day moving average of $406.55. The company has a market cap of $20.47 billion, a P/E ratio of 23.67, a PEG ratio of 3.05 and a beta of 1.02. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month 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.

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

Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Needham & Company LLC upped their price target on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Vertical Research started coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $466.40.

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.