Acadian Asset Management LLC Takes $373,000 Position in Teledyne Technologies Incorporated (NYSE:TDY)

Acadian Asset Management LLC acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 966 shares of the scientific and technical instruments company’s stock, valued at approximately $373,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TDY. American National Bank acquired a new position in Teledyne Technologies during the 2nd quarter valued at approximately $28,000. Innealta Capital LLC acquired a new position in Teledyne Technologies during the 2nd quarter worth $28,000. Kapitalo Investimentos Ltda acquired a new position in Teledyne Technologies during the 4th quarter worth $29,000. Tortoise Investment Management LLC boosted its position in Teledyne Technologies by 48.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 24 shares during the period. Finally, Crewe Advisors LLC boosted its position in 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 worth $34,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Needham & Company LLC boosted their price target on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Vertical Research assumed coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $471.17.

Teledyne Technologies Trading Up 2.4 %

Shares of Teledyne Technologies stock opened at $436.88 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. The firm has a market cap of $20.44 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02. The business has a fifty day simple moving average of $416.82 and a 200-day simple moving average of $406.44. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $448.19.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. Teledyne Technologies’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.67 earnings per share. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 19.43 EPS 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.