Royal London Asset Management Ltd. grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 11.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,498 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,152 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Teledyne Technologies were worth $7,953,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in TDY. Choreo LLC bought a new stake in Teledyne Technologies during the 2nd quarter valued at $241,000. Wedbush Securities Inc. increased its holdings in shares of Teledyne Technologies by 10.4% during the second quarter. Wedbush Securities Inc. now owns 1,098 shares of the scientific and technical instruments company’s stock valued at $426,000 after purchasing an additional 103 shares during the period. Oak Thistle LLC acquired a new position in shares of Teledyne Technologies during the second quarter valued at $249,000. Emerald Advisers LLC bought a new stake in shares of Teledyne Technologies during the second quarter valued at about $551,000. Finally, Acadian Asset Management LLC acquired a new stake in Teledyne Technologies in the second quarter worth about $373,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.
Teledyne Technologies Stock Performance
NYSE:TDY opened at $427.75 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $413.34 and a 200-day moving average of $406.31. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $448.19. The firm has a market cap of $20.01 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 2.98 and a beta of 1.02.
Analyst Ratings Changes
A number of research firms have commented on TDY. StockNews.com downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Vertical Research began coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective on the stock. Finally, Needham & Company LLC upped their target price on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $471.17.
Check Out Our Latest Analysis on TDY
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.
Read More
- Five stocks we like better than Teledyne Technologies
- What is the Dow Jones Industrial Average (DJIA)?
- Powering Your Portfolio: The Utility Sector’s Electrifying Surge
- Why Are These Companies Considered Blue Chips?
- Adobe Stock Builds Long-Term Value: Consider Buying on the Dip
- What does consumer price index measure?
- Albemarle Jumps as Lithium Stock Buying Frenzy Takes Off
Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDY – Free Report).
Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.