Sequoia Financial Advisors LLC Buys 38 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Sequoia Financial Advisors LLC lifted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 4.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 876 shares of the scientific and technical instruments company’s stock after purchasing an additional 38 shares during the period. Sequoia Financial Advisors LLC’s holdings in Teledyne Technologies were worth $383,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Teledyne Technologies by 4.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 14,261 shares of the scientific and technical instruments company’s stock worth $6,241,000 after buying an additional 596 shares during the period. Whittier Trust Co. increased its stake in shares of Teledyne Technologies by 3.8% during the third quarter. Whittier Trust Co. now owns 32,306 shares of the scientific and technical instruments company’s stock valued at $14,139,000 after buying an additional 1,192 shares during the period. Raymond James & Associates raised its holdings in shares of Teledyne Technologies by 4.9% in the third quarter. Raymond James & Associates now owns 105,721 shares of the scientific and technical instruments company’s stock valued at $46,270,000 after acquiring an additional 4,969 shares in the last quarter. First Citizens Bank & Trust Co. lifted its stake in Teledyne Technologies by 1.8% in the third quarter. First Citizens Bank & Trust Co. now owns 9,885 shares of the scientific and technical instruments company’s stock worth $4,326,000 after acquiring an additional 176 shares during the period. Finally, Blue Trust Inc. lifted its stake in Teledyne Technologies by 36.1% in the third quarter. Blue Trust Inc. now owns 1,447 shares of the scientific and technical instruments company’s stock worth $633,000 after acquiring an additional 384 shares during the period. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

TDY has been the subject of several recent research reports. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. TD Cowen lifted their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday. Vertical Research began coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price for the company. Finally, Needham & Company LLC lifted their price target on Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $474.50.

Teledyne Technologies Trading Down 0.8 %

Teledyne Technologies stock opened at $469.19 on Monday. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $475.73. The stock has a market cap of $22.23 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 3.11 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The stock has a 50-day moving average of $435.99 and a two-hundred day moving average of $410.52.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $5.05 EPS. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal year.

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.