Bleakley Financial Group LLC Increases Position in Teledyne Technologies Incorporated (NYSE:TDY)

Bleakley Financial Group LLC boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 4.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 681 shares of the scientific and technical instruments company’s stock after purchasing an additional 26 shares during the quarter. Bleakley Financial Group LLC’s holdings in Teledyne Technologies were worth $298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC bought a new position in shares of Teledyne Technologies in the third quarter worth approximately $27,000. American National Bank bought a new position in shares of Teledyne Technologies in the second quarter worth approximately $28,000. Innealta Capital LLC bought a new position in shares of Teledyne Technologies in the second quarter worth approximately $28,000. Tortoise Investment Management LLC lifted 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 worth $29,000 after buying an additional 24 shares in the last quarter. Finally, Crewe Advisors LLC lifted its stake in shares of Teledyne Technologies by 319.0% in the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of NYSE TDY opened at $469.94 on Thursday. The firm has a fifty day moving average price of $433.75 and a 200-day moving average price of $409.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. The stock has a market cap of $22.27 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 3.16 and a beta of 1.01. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $470.84.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data 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. 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 company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.67 earnings per share. Equities analysts anticipate that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TDY has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Vertical Research initiated 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 on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.