Sei Investments Co. Boosts Position in Teledyne Technologies Incorporated (NYSE:TDY)

Sei Investments Co. lifted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 367,770 shares of the scientific and technical instruments company’s stock after purchasing an additional 15,604 shares during the quarter. Sei Investments Co. owned about 0.79% of Teledyne Technologies worth $142,689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. American National Bank purchased a new stake in shares of Teledyne Technologies in the 2nd quarter valued at approximately $28,000. Innealta Capital LLC acquired a new position in Teledyne Technologies in the second quarter valued at approximately $28,000. Kapitalo Investimentos Ltda purchased a new position in Teledyne Technologies in the fourth quarter worth approximately $29,000. Tortoise Investment Management LLC increased its stake in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 24 shares during the last quarter. Finally, Crewe Advisors LLC raised its position in Teledyne Technologies by 319.0% in 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 period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TDY shares. Vertical Research initiated coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective for the company. Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, StockNews.com downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Teledyne Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $471.17.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $432.13 on Friday. The stock has a market capitalization of $20.47 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. The business has a 50-day moving average of $417.58 and a 200 day moving average of $406.46. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19.

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 for the quarter, beating analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the business posted $4.67 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current year.

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.