Raymond James & Associates Raises Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Raymond James & Associates grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,721 shares of the scientific and technical instruments company’s stock after buying an additional 4,969 shares during the quarter. Raymond James & Associates owned 0.23% of Teledyne Technologies worth $46,270,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Teledyne Technologies by 1.8% in the 4th quarter. Wellington Management Group LLP now owns 5,664 shares of the scientific and technical instruments company’s stock valued at $2,528,000 after purchasing an additional 99 shares during the last quarter. NBC Securities Inc. boosted its stake in Teledyne Technologies by 89.4% during the first quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock worth $38,000 after buying an additional 42 shares during the period. Park Avenue Securities LLC increased its position in Teledyne Technologies by 9.5% during the first quarter. Park Avenue Securities LLC now owns 2,182 shares of the scientific and technical instruments company’s stock valued at $937,000 after acquiring an additional 189 shares during the last quarter. Cardinal Capital Management raised its stake in shares of Teledyne Technologies by 13.0% in the first quarter. Cardinal Capital Management now owns 6,942 shares of the scientific and technical instruments company’s stock valued at $2,980,000 after acquiring an additional 797 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Teledyne Technologies by 20.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,683 shares of the scientific and technical instruments company’s stock worth $723,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $443.49 on Wednesday. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 3.16 and a beta of 1.01. The firm has a 50-day moving average of $432.52 and a two-hundred day moving average of $409.32. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $458.15. 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 announced its quarterly earnings data 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. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations 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 was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.67 earnings per share. On average, research analysts forecast that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Needham & Company LLC increased their price objective 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. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Vertical Research initiated coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $450.50.

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.