Wellington Management Group LLP Has $2.53 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

Wellington Management Group LLP lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,664 shares of the scientific and technical instruments company’s stock after acquiring an additional 99 shares during the quarter. Wellington Management Group LLP’s holdings in Teledyne Technologies were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Teledyne Technologies during the 4th quarter worth about $28,000. CVA Family Office LLC bought a new stake in Teledyne Technologies in the fourth quarter worth approximately $31,000. Anchor Investment Management LLC acquired a new position in shares of Teledyne Technologies during the 4th quarter worth $45,000. Creekmur Asset Management LLC bought a new position in shares of Teledyne Technologies during the 4th quarter valued at $45,000. Finally, Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of Teledyne Technologies by 63.2% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock valued at $49,000 after purchasing an additional 43 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TDY has been the topic of several recent research reports. Needham & Company LLC cut their target price on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Bank of America lowered Teledyne Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $490.00 to $400.00 in a report on Friday, April 26th. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, TD Cowen reduced their price objective on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $470.83.

Teledyne Technologies Price Performance

NYSE:TDY opened at $387.98 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $448.19. The company has a fifty day moving average price of $392.05 and a 200 day moving average price of $414.37. The stock has a market cap of $18.38 billion, a P/E ratio of 20.98, a PEG ratio of 2.73 and a beta of 1.04.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company posted $4.53 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts anticipate that Teledyne Technologies Incorporated will post 19.36 earnings per share for the current 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.