International Assets Investment Management LLC Raises Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

International Assets Investment Management LLC lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 44,457.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,965 shares of the scientific and technical instruments company’s stock after acquiring an additional 73,799 shares during the quarter. International Assets Investment Management LLC owned 0.16% of Teledyne Technologies worth $32,372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TDY. Orion Portfolio Solutions LLC raised its stake in shares of Teledyne Technologies by 46.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 4,161 shares of the scientific and technical instruments company’s stock worth $1,786,000 after buying an additional 1,315 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Teledyne Technologies by 11.2% during the 1st quarter. Clearbridge Investments LLC now owns 267,036 shares of the scientific and technical instruments company’s stock worth $114,644,000 after purchasing an additional 26,793 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Teledyne Technologies by 3.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 48,288 shares of the scientific and technical instruments company’s stock worth $21,602,000 after purchasing an additional 1,665 shares during the last quarter. SG Americas Securities LLC lifted its stake in Teledyne Technologies by 49.8% in the 1st quarter. SG Americas Securities LLC now owns 13,349 shares of the scientific and technical instruments company’s stock valued at $5,731,000 after buying an additional 4,440 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Teledyne Technologies by 38.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,781 shares of the scientific and technical instruments company’s stock valued at $5,487,000 after buying an additional 3,532 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

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

Teledyne Technologies Price Performance

TDY opened at $466.72 on Tuesday. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $475.73. The company has a 50 day moving average of $435.99 and a two-hundred day moving average of $410.58. The company has a market cap of $21.83 billion, a P/E ratio of 23.60, a P/E/G ratio of 3.29 and a beta of 1.01. 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 (NYSE:TDY) last announced its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company earned $5.05 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. On average, analysts expect that Teledyne Technologies Incorporated will post 19.42 earnings per share for the current year.

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.