Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 147.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,980 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,371 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Teledyne Technologies were worth $1,544,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Teledyne Technologies by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,534,111 shares of the scientific and technical instruments company’s stock worth $2,375,905,000 after buying an additional 16,189 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Teledyne Technologies by 3.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock valued at $676,041,000 after acquiring an additional 48,397 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Teledyne Technologies by 17.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock worth $480,355,000 after acquiring an additional 186,849 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Teledyne Technologies by 1.9% in the fourth quarter. Northern Trust Corp now owns 519,334 shares of the scientific and technical instruments company’s stock valued at $231,774,000 after purchasing an additional 9,455 shares in the last quarter. Finally, Earnest Partners LLC grew its position in shares of Teledyne Technologies by 3.5% in the second quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company’s stock valued at $154,665,000 after purchasing an additional 13,576 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday. 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. Finally, Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $466.40.

Teledyne Technologies Stock Performance

Teledyne Technologies stock opened at $443.73 on Thursday. The stock has a fifty day moving average price of $423.28 and a 200 day moving average price of $407.14. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $448.19. The firm has a market capitalization of $20.76 billion, a P/E ratio of 24.00, a PEG ratio of 3.05 and a beta of 1.02. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28.

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, 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 for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm posted $4.67 EPS. The company’s revenue was down 3.8% on a year-over-year basis. Equities research analysts anticipate 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.