Dimensional Fund Advisors LP Buys 32,339 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Dimensional Fund Advisors LP lifted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 9.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 375,265 shares of the scientific and technical instruments company’s stock after purchasing an additional 32,339 shares during the period. Dimensional Fund Advisors LP owned about 0.80% of Teledyne Technologies worth $145,594,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC purchased a new position in shares of Teledyne Technologies in the fourth quarter valued at about $214,000. UBS Group AG increased its holdings in Teledyne Technologies by 264.5% during the 4th quarter. UBS Group AG now owns 58,834 shares of the scientific and technical instruments company’s stock valued at $26,257,000 after purchasing an additional 42,691 shares during the period. Coldstream Capital Management Inc. bought a new position in Teledyne Technologies during the 4th quarter valued at approximately $239,000. Corient Private Wealth LLC lifted its holdings in Teledyne Technologies by 5.3% in the 4th quarter. Corient Private Wealth LLC now owns 4,209 shares of the scientific and technical instruments company’s stock worth $1,878,000 after buying an additional 210 shares during the period. Finally, Congress Wealth Management LLC DE grew its position in shares of Teledyne Technologies by 4.9% in the 4th quarter. Congress Wealth Management LLC DE now owns 32,655 shares of the scientific and technical instruments company’s stock worth $14,574,000 after buying an additional 1,518 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $432.13 on Friday. The business has a fifty day simple moving average of $417.58 and a two-hundred day simple moving average of $406.35. The firm has a market capitalization 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. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19.

Teledyne Technologies (NYSE:TDY) last issued 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. The company 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%. Teledyne Technologies’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the company posted $4.67 EPS. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on TDY shares. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. 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 price objective for the company. Finally, Needham & Company LLC lifted their target price 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus 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.