Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC raised its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 605.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,027 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,747 shares during the period. Squarepoint Ops LLC’s holdings in Teledyne Technologies were worth $3,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in TDY. American National Bank acquired a new stake in Teledyne Technologies in the second quarter valued at approximately $28,000. Innealta Capital LLC purchased a new stake in shares of Teledyne Technologies in the 2nd quarter valued at approximately $28,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Teledyne Technologies in the 4th quarter valued at $29,000. Tortoise Investment Management LLC grew its stake in shares of 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 worth $29,000 after purchasing an additional 24 shares in the last quarter. Finally, Crewe Advisors LLC increased 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 valued at $34,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 0.4 %

NYSE:TDY opened at $439.51 on Wednesday. The company has a market capitalization of $20.56 billion, a PE ratio of 23.77, a P/E/G ratio of 3.05 and a beta of 1.02. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The stock’s 50 day moving average price is $422.00 and its 200 day moving average price is $406.71. 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 announced its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm posted $4.67 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 19.43 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TDY. Vertical Research began coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target for the company. Needham & Company LLC upped 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. Finally, StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $466.40.

About Teledyne Technologies

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.