Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 37.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,114 shares of the scientific and technical instruments company’s stock after purchasing an additional 850 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Teledyne Technologies were worth $1,357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC purchased a new position in shares of Teledyne Technologies during the third quarter valued at approximately $27,000. American National Bank purchased a new position in Teledyne Technologies during the 2nd quarter valued at $28,000. Innealta Capital LLC bought a new position in Teledyne Technologies in the 2nd quarter worth $28,000. Tortoise Investment Management LLC lifted its position in shares of Teledyne Technologies by 48.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 24 shares during the period. Finally, Crewe Advisors LLC boosted its stake in shares of Teledyne Technologies by 319.0% during the 2nd 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 in the last quarter. Institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Vertical Research began coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target on the stock. TD Cowen upped their price target on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Needham & Company LLC raised their price objective on Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $474.50.

Teledyne Technologies Stock Performance

Shares of TDY opened at $455.62 on Friday. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $475.73. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. The stock has a market cap of $21.32 billion, a P/E ratio of 23.33, a P/E/G ratio of 3.29 and a beta of 1.01. The business’s 50 day moving average price is $438.75 and its 200-day moving average price is $411.83.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $5.05 earnings per share. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 19.42 earnings per share for the current fiscal year.

Teledyne Technologies Company 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.