Mutual of America Capital Management LLC Boosts Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Mutual of America Capital Management LLC boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 14,923 shares of the scientific and technical instruments company’s stock after buying an additional 408 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Teledyne Technologies were worth $6,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TDY. Norges Bank purchased a new position in Teledyne Technologies during the fourth quarter worth $243,111,000. Maren Capital LLC purchased a new stake in shares of Teledyne Technologies during the fourth quarter valued at $82,700,000. Public Sector Pension Investment Board boosted its stake in shares of Teledyne Technologies by 1,755.0% during the fourth quarter. Public Sector Pension Investment Board now owns 93,325 shares of the scientific and technical instruments company’s stock valued at $41,650,000 after purchasing an additional 88,294 shares during the period. Vanguard Group Inc. boosted its stake in shares of Teledyne Technologies by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 5,517,922 shares of the scientific and technical instruments company’s stock valued at $2,462,593,000 after purchasing an additional 77,890 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Teledyne Technologies by 37,167.5% during the fourth quarter. International Assets Investment Management LLC now owns 72,299 shares of the scientific and technical instruments company’s stock valued at $32,266,000 after purchasing an additional 72,105 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Up 0.8 %

Teledyne Technologies stock traded up $3.12 during trading hours on Tuesday, reaching $385.96. The stock had a trading volume of 68,465 shares, compared to its average volume of 244,921. The company has a market cap of $18.29 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.69 and a beta of 1.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29. The business’s 50 day moving average price is $392.01 and its 200-day moving average price is $412.60. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $448.19.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.53 earnings per share. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TDY shares. Bank of America lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $490.00 to $400.00 in a research note on Friday, April 26th. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Needham & Company LLC lowered their price objective on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, TD Cowen lowered their price objective on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $470.83.

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.