Northwestern Mutual Wealth Management Co. Buys 234 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Northwestern Mutual Wealth Management Co. grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 14.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,906 shares of the scientific and technical instruments company’s stock after acquiring an additional 234 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Teledyne Technologies were worth $739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in 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 during the period. 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 worth $1,786,000 after purchasing an additional 1,315 shares during the period. Clearbridge Investments LLC raised its position in shares of Teledyne Technologies by 11.2% in 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 buying an additional 26,793 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of 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 valued at $21,602,000 after buying an additional 1,665 shares during the period. Finally, SG Americas Securities LLC grew its position in Teledyne Technologies by 49.8% during the first quarter. SG Americas Securities LLC now owns 13,349 shares of the scientific and technical instruments company’s stock worth $5,731,000 after buying an additional 4,440 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Needham & Company LLC upped their target price on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Vertical Research started coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective for the company. Finally, StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $450.50.

Teledyne Technologies Price Performance

Shares of TDY stock opened at $436.59 on Tuesday. The business has a fifty day simple moving average of $424.41 and a 200 day simple moving average of $407.42. The company has a market cap of $20.69 billion, a P/E ratio of 23.61, a P/E/G ratio of 3.11 and a beta of 1.01. 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 Incorporated has a twelve month low of $355.41 and a twelve month high of $448.19.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.67 earnings per share. On average, sell-side analysts forecast that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal 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.