Exchange Traded Concepts LLC Raises Position in Teledyne Technologies Incorporated (NYSE:TDY)

Exchange Traded Concepts LLC boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 432.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133 shares of the scientific and technical instruments company’s stock after purchasing an additional 108 shares during the period. Exchange Traded Concepts LLC’s holdings in Teledyne Technologies were worth $58,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of Teledyne Technologies by 1.8% in the fourth quarter. Wellington Management Group LLP now owns 5,664 shares of the scientific and technical instruments company’s stock worth $2,528,000 after buying an additional 99 shares during the period. Park Avenue Securities LLC boosted its holdings in Teledyne Technologies by 9.5% in the first quarter. Park Avenue Securities LLC now owns 2,182 shares of the scientific and technical instruments company’s stock worth $937,000 after purchasing an additional 189 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Teledyne Technologies by 20.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,683 shares of the scientific and technical instruments company’s stock worth $723,000 after acquiring an additional 280 shares during the period. Thrive Wealth Management LLC bought a new stake in shares of Teledyne Technologies in the 1st quarter worth approximately $216,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of Teledyne Technologies during the first quarter valued at $216,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 6.0 %

Teledyne Technologies stock opened at $469.94 on Thursday. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $470.84. 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 firm has a market capitalization of $22.27 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 3.16 and a beta of 1.01. The company has a 50 day moving average price of $433.75 and a 200 day moving average price of $409.74.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned $4.67 earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year. Research analysts forecast that Teledyne Technologies Incorporated will post 19.43 EPS for the current year.

Analysts Set New Price Targets

TDY has been the topic of several analyst reports. Needham & Company LLC raised 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 began coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective on the stock. Finally, StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $450.50.

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.