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

Interval Partners LP purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 27,389 shares of the scientific and technical instruments company’s stock, valued at approximately $10,626,000. Interval Partners LP owned about 0.06% of Teledyne Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in Teledyne Technologies by 17.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after purchasing an additional 186,849 shares in the last quarter. Maren Capital LLC purchased a new stake in shares of Teledyne Technologies during the 4th quarter valued at $82,700,000. Public Sector Pension Investment Board lifted its holdings in shares of Teledyne Technologies by 1,755.0% during the 4th quarter. Public Sector Pension Investment Board now owns 93,325 shares of the scientific and technical instruments company’s stock worth $41,650,000 after acquiring an additional 88,294 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Teledyne Technologies by 235.6% in the second quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock worth $48,593,000 after acquiring an additional 87,925 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Teledyne Technologies by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 5,517,922 shares of the scientific and technical instruments company’s stock valued at $2,462,593,000 after acquiring an additional 77,890 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TDY. Needham & Company LLC lifted their price target on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Vertical Research started coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $471.17.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $432.13 on Monday. 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 Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The firm has a market cap 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 business has a 50 day moving average price of $417.58 and a 200-day moving average price of $406.21.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating 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 analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company posted $4.67 EPS. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities research analysts predict that Teledyne Technologies Incorporated will post 19.43 earnings per share 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.