Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 8.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,210 shares of the scientific and technical instruments company’s stock after buying an additional 96 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Teledyne Technologies were worth $469,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. American National Bank acquired a new stake in Teledyne Technologies during the second quarter worth about $28,000. Innealta Capital LLC purchased a new stake in shares of Teledyne Technologies during the 2nd quarter worth about $28,000. Kapitalo Investimentos Ltda acquired a new stake in Teledyne Technologies during the 4th quarter worth approximately $29,000. Tortoise Investment Management LLC raised its holdings in Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 24 shares during the period. Finally, Crewe Advisors LLC lifted its position in Teledyne Technologies by 319.0% during the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 67 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

TDY stock opened at $432.13 on Friday. The stock’s 50 day moving average is $417.58 and its two-hundred day moving average is $406.46. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The company has a market capitalization of $20.47 billion, a PE ratio of 23.37, a P/E/G ratio of 3.01 and a beta of 1.02. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last issued its quarterly 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. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm earned $4.67 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. Analysts predict that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TDY has been the topic of several research reports. Needham & Company LLC raised their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Vertical Research began coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $471.17.

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.