Frank Rimerman Advisors LLC Acquires 744 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Frank Rimerman Advisors LLC boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 74,400.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 745 shares of the scientific and technical instruments company’s stock after purchasing an additional 744 shares during the period. Frank Rimerman Advisors LLC’s holdings in Teledyne Technologies were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDY. American National Bank bought a new position in shares of Teledyne Technologies in the 2nd quarter valued at about $28,000. Innealta Capital LLC bought a new position in Teledyne Technologies in the second quarter valued at approximately $28,000. Kapitalo Investimentos Ltda acquired a new position in shares of Teledyne Technologies during the 4th quarter worth approximately $29,000. Tortoise Investment Management LLC grew its stake in shares of 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 in the last quarter. Finally, Crewe Advisors LLC increased its stake in shares of 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 purchasing an additional 67 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Vertical Research assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price for the company. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Needham & Company LLC upped their price target on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. 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 has an average rating of “Moderate Buy” and a consensus target price of $471.17.

Teledyne Technologies Stock Up 0.6 %

TDY opened at $435.28 on Wednesday. The stock has a fifty day moving average of $418.98 and a 200-day moving average of $406.31. The company has a market capitalization of $20.36 billion, a P/E ratio of 23.54, a P/E/G ratio of 3.03 and a beta of 1.02. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week 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.

Teledyne Technologies (NYSE:TDY) last issued 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 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 analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company earned $4.67 EPS. The business’s revenue was down 3.8% on a year-over-year basis. On average, equities analysts expect that Teledyne Technologies Incorporated will post 19.43 EPS for the current 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.