XTX Topco Ltd Invests $960,000 in Teledyne Technologies Incorporated (NYSE:TDY)

XTX Topco Ltd acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,474 shares of the scientific and technical instruments company’s stock, valued at approximately $960,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC raised its holdings in shares of Teledyne Technologies by 28.4% during the fourth quarter. Hsbc Holdings PLC now owns 91,664 shares of the scientific and technical instruments company’s stock worth $40,905,000 after acquiring an additional 20,263 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Teledyne Technologies by 35.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 132,361 shares of the scientific and technical instruments company’s stock worth $59,071,000 after acquiring an additional 34,371 shares in the last quarter. Orion Portfolio Solutions LLC raised 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 worth $1,786,000 after acquiring an additional 1,315 shares in the last quarter. Clearbridge Investments LLC raised its holdings 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 worth $114,644,000 after acquiring an additional 26,793 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Teledyne Technologies by 3.6% during 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 acquiring an additional 1,665 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

NYSE TDY opened at $432.13 on Friday. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $448.19. 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 PE ratio of 23.37, a P/E/G ratio of 3.01 and a beta of 1.02. The stock has a 50-day simple moving average of $417.58 and a 200 day simple moving average of $406.35.

Teledyne Technologies (NYSE:TDY) last posted 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. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm earned $4.67 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. Research analysts anticipate that Teledyne Technologies Incorporated will post 19.43 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.