Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 4.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,881 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,389 shares during the quarter. Hsbc Holdings PLC owned about 0.23% of Teledyne Technologies worth $42,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in Teledyne Technologies by 35.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 132,361 shares of the scientific and technical instruments company’s stock valued at $59,071,000 after acquiring an additional 34,371 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Teledyne Technologies by 46.2% during the first quarter. Orion Portfolio Solutions LLC now owns 4,161 shares of the scientific and technical instruments company’s stock valued at $1,786,000 after purchasing an additional 1,315 shares during the period. Clearbridge Investments LLC raised its stake in shares of Teledyne Technologies by 11.2% during the first 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 in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Teledyne Technologies by 3.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 48,288 shares of the scientific and technical instruments company’s stock worth $21,602,000 after purchasing an additional 1,665 shares during the period. Finally, Rafferty Asset Management LLC grew its position in Teledyne Technologies by 19.3% in the 4th quarter. Rafferty Asset Management LLC now owns 14,738 shares of the scientific and technical instruments company’s stock valued at $6,577,000 after buying an additional 2,386 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 1.0 %

Shares of NYSE:TDY opened at $432.13 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The stock has a market capitalization of $20.47 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 3.01 and a beta of 1.02. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $448.19. The company has a 50 day moving average price of $417.58 and a 200 day moving average price of $406.46.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.09. The business had revenue of $1.37 billion during 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%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company posted $4.67 EPS. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on TDY. Vertical Research began coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target on the stock. Needham & Company LLC upped their target price 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, StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.