Farther Finance Advisors LLC Grows Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Farther Finance Advisors LLC grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 9.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 553 shares of the scientific and technical instruments company’s stock after buying an additional 48 shares during the period. Farther Finance Advisors LLC’s holdings in Teledyne Technologies were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TDY. Orion Portfolio Solutions LLC grew its position in Teledyne Technologies by 46.2% in the first quarter. Orion Portfolio Solutions LLC now owns 4,161 shares of the scientific and technical instruments company’s stock worth $1,786,000 after acquiring an additional 1,315 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Teledyne Technologies by 11.2% during the 1st quarter. Clearbridge Investments LLC now owns 267,036 shares of the scientific and technical instruments company’s stock valued at $114,644,000 after purchasing an additional 26,793 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Teledyne Technologies by 3.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 48,288 shares of the scientific and technical instruments company’s stock valued at $21,602,000 after purchasing an additional 1,665 shares during the last quarter. SG Americas Securities LLC raised its holdings in Teledyne Technologies by 49.8% during the 1st quarter. SG Americas Securities LLC now owns 13,349 shares of the scientific and technical instruments company’s stock valued at $5,731,000 after buying an additional 4,440 shares during the period. Finally, Tidal Investments LLC lifted its position in Teledyne Technologies by 131.5% in the first quarter. Tidal Investments LLC now owns 3,737 shares of the scientific and technical instruments company’s stock worth $1,604,000 after buying an additional 2,123 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Up 2.4 %

Shares of NYSE TDY opened at $489.24 on Friday. The firm has a market cap of $22.80 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 3.37 and a beta of 1.01. The company’s 50-day simple moving average is $444.79 and its 200-day simple moving average is $415.06. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $492.00.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.97 by $0.13. The firm had revenue of $1.44 billion during 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 firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $5.05 earnings per share. Equities analysts predict that Teledyne Technologies Incorporated will post 19.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Vertical Research started coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective on the stock. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $450.00 to $550.00 in a report on Friday. TD Cowen increased their price target on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Needham & Company LLC boosted their price target on Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $512.00.

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.