Quantbot Technologies LP Makes New Investment in Teledyne Technologies Incorporated (NYSE:TDY)

Quantbot Technologies LP purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, HoldingsChannel reports. The firm purchased 6,840 shares of the scientific and technical instruments company’s stock, valued at approximately $2,654,000.

Several other large investors also recently bought and sold shares of TDY. Hsbc Holdings PLC increased its holdings in shares of Teledyne Technologies by 28.4% in the 4th quarter. Hsbc Holdings PLC now owns 91,664 shares of the scientific and technical instruments company’s stock valued at $40,905,000 after acquiring an additional 20,263 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Teledyne Technologies by 35.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 132,361 shares of the scientific and technical instruments company’s stock valued at $59,071,000 after acquiring an additional 34,371 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Teledyne Technologies by 46.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 4,161 shares of the scientific and technical instruments company’s stock valued at $1,786,000 after acquiring an additional 1,315 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Teledyne Technologies by 11.2% in the 1st quarter. Clearbridge Investments LLC now owns 267,036 shares of the scientific and technical instruments company’s stock valued at $114,644,000 after acquiring an additional 26,793 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Teledyne Technologies by 3.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 48,288 shares of the scientific and technical instruments company’s stock valued at $21,602,000 after purchasing an additional 1,665 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 0.1 %

Teledyne Technologies stock opened at $428.89 on Wednesday. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $448.19. The stock has a 50 day moving average of $415.20 and a two-hundred day moving average of $406.08. 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 stock has a market capitalization of $20.32 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 3.00 and a beta of 1.02.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Vertical Research assumed coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price for the company. StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Needham & Company LLC upped their target price on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $471.17.

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.