Summit Trail Advisors LLC Has $279,000 Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Summit Trail Advisors LLC increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 720 shares of the scientific and technical instruments company’s stock after acquiring an additional 27 shares during the quarter. Summit Trail Advisors LLC’s holdings in Teledyne Technologies were worth $279,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Sei Investments Co. increased its position in Teledyne Technologies by 4.4% during the second quarter. Sei Investments Co. now owns 367,770 shares of the scientific and technical instruments company’s stock worth $142,689,000 after acquiring an additional 15,604 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Teledyne Technologies by 4.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 722 shares of the scientific and technical instruments company’s stock worth $280,000 after acquiring an additional 34 shares during the period. Intech Investment Management LLC increased its position in Teledyne Technologies by 15.5% during the second quarter. Intech Investment Management LLC now owns 6,467 shares of the scientific and technical instruments company’s stock worth $2,509,000 after acquiring an additional 870 shares during the period. MQS Management LLC increased its position in Teledyne Technologies by 30.6% during the second quarter. MQS Management LLC now owns 1,451 shares of the scientific and technical instruments company’s stock worth $563,000 after acquiring an additional 340 shares during the period. Finally, XTX Topco Ltd bought a new position in Teledyne Technologies during the second quarter worth about $960,000. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Trading Up 0.6 %

Shares of Teledyne Technologies stock opened at $435.28 on Wednesday. The firm has a market capitalization of $20.62 billion, a PE ratio of 23.54, a price-to-earnings-growth 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. The firm’s 50 day moving average is $418.98 and its 200 day moving average is $406.31. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $448.19.

Teledyne Technologies (NYSE:TDY) last announced 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 the consensus estimate of $4.49 by $0.09. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.67 EPS. Equities research analysts forecast that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Needham & Company LLC raised their target price on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a 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 on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $471.17.

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.