Creative Planning Buys 492 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Creative Planning boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 13.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,184 shares of the scientific and technical instruments company’s stock after purchasing an additional 492 shares during the quarter. Creative Planning’s holdings in Teledyne Technologies were worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its stake in 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 valued at $29,000 after buying an additional 24 shares during the last quarter. Summit Trail Advisors LLC raised its stake in Teledyne Technologies by 3.9% in the second quarter. Summit Trail Advisors LLC now owns 720 shares of the scientific and technical instruments company’s stock valued at $279,000 after buying an additional 27 shares during the last quarter. Linscomb Wealth Inc. raised its stake in Teledyne Technologies by 4.4% in the second quarter. Linscomb Wealth Inc. now owns 695 shares of the scientific and technical instruments company’s stock valued at $270,000 after buying an additional 29 shares during the last quarter. MJP Associates Inc. ADV raised its stake in Teledyne Technologies by 5.6% in the second quarter. MJP Associates Inc. ADV now owns 604 shares of the scientific and technical instruments company’s stock valued at $234,000 after buying an additional 32 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in Teledyne Technologies by 32.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 140 shares of the scientific and technical instruments company’s stock valued at $54,000 after buying an additional 34 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 0.5 %

Teledyne Technologies stock opened at $466.72 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $475.73. The company has a market capitalization of $21.83 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01. The stock has a 50-day moving average price of $435.99 and a 200 day moving average price of $410.58.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.05 earnings per share. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. TD Cowen increased their price target on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Vertical Research started coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. Needham & Company LLC raised their price objective on Teledyne Technologies from $482.00 to $528.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $474.50.

Teledyne Technologies 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.