Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 8.6% in the second quarter, HoldingsChannel.com reports. The firm owned 1,210 shares of the scientific and technical instruments company’s stock after acquiring an additional 96 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Teledyne Technologies were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Kapitalo Investimentos Ltda bought a new position in shares of Teledyne Technologies in the 4th quarter worth about $29,000. American National Bank acquired a new stake in Teledyne Technologies during the second quarter worth about $28,000. Innealta Capital LLC bought a new position in Teledyne Technologies in the second quarter worth about $28,000. Tortoise Investment Management LLC boosted its stake in Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after acquiring an additional 24 shares during the period. Finally, Crewe Advisors LLC grew its holdings in shares of Teledyne Technologies by 319.0% during the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

TDY has been the topic of several recent research reports. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Needham & Company LLC boosted their price target on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Vertical Research began coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $471.17.

Teledyne Technologies Trading Down 1.0 %

Shares of TDY stock opened at $432.13 on Friday. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $448.19. The firm has a market capitalization of $20.47 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02. The stock has a fifty day moving average of $417.58 and a two-hundred day moving average of $406.46. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $4.67 earnings per share. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, research analysts expect that Teledyne Technologies Incorporated will post 19.43 EPS for the current year.

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.