Intech Investment Management LLC Boosts Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Intech Investment Management LLC lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 15.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,467 shares of the scientific and technical instruments company’s stock after buying an additional 870 shares during the quarter. Intech Investment Management LLC’s holdings in Teledyne Technologies were worth $2,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. MQS Management LLC lifted its position in Teledyne Technologies by 30.6% during the 2nd quarter. MQS Management LLC now owns 1,451 shares of the scientific and technical instruments company’s stock valued at $563,000 after acquiring an additional 340 shares during the period. XTX Topco Ltd bought a new position in shares of Teledyne Technologies during the second quarter valued at approximately $960,000. Seven Eight Capital LP purchased a new position in shares of Teledyne Technologies during the second quarter valued at approximately $360,000. Hsbc Holdings PLC boosted its holdings in Teledyne Technologies by 4.2% in the second quarter. Hsbc Holdings PLC now owns 109,881 shares of the scientific and technical instruments company’s stock worth $42,605,000 after acquiring an additional 4,389 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Teledyne Technologies by 8.6% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,210 shares of the scientific and technical instruments company’s stock worth $469,000 after purchasing an additional 96 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $432.13 on Monday. 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 company has a market cap of $20.47 billion, a P/E ratio of 23.37, a P/E/G ratio of 3.01 and a beta of 1.02. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The firm’s fifty day moving average is $417.58 and its two-hundred day moving average is $406.21.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned $4.67 earnings per share. Teledyne Technologies’s revenue was down 3.8% on a year-over-year basis. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal year.

About Teledyne Technologies

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.