619 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 619 shares of the scientific and technical instruments company’s stock, valued at approximately $261,000.

Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in Teledyne Technologies in the fourth quarter worth $28,000. CVA Family Office LLC bought a new stake in shares of Teledyne Technologies during the fourth quarter worth $31,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Teledyne Technologies during the third quarter worth $44,000. Anchor Investment Management LLC bought a new stake in shares of Teledyne Technologies during the fourth quarter worth $45,000. Finally, Creekmur Asset Management LLC bought a new stake in shares of Teledyne Technologies during the fourth quarter worth $45,000. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Performance

TDY stock opened at $388.60 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29. The business has a 50-day moving average price of $393.39 and a 200 day moving average price of $415.21. The company has a market capitalization of $18.41 billion, a P/E ratio of 21.02, a PEG ratio of 2.72 and a beta of 1.04. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $448.19.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.63 by ($0.08). Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm earned $4.53 EPS. Teledyne Technologies’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 19.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Bank of America downgraded Teledyne Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. Needham & Company LLC decreased their target price on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, TD Cowen decreased their price objective on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $470.83.

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.