Teledyne Technologies Incorporated (NYSE:TDY) Holdings Raised by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC boosted its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 4.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,678 shares of the scientific and technical instruments company’s stock after buying an additional 72 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Teledyne Technologies were worth $734,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Teledyne Technologies by 17.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after acquiring an additional 186,849 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Teledyne Technologies by 235.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock valued at $48,593,000 after purchasing an additional 87,925 shares in the last quarter. Maren Capital LLC increased its position in shares of Teledyne Technologies by 37.2% during the 1st quarter. Maren Capital LLC now owns 254,245 shares of the scientific and technical instruments company’s stock valued at $109,152,000 after purchasing an additional 68,940 shares during the period. Millennium Management LLC raised its stake in shares of Teledyne Technologies by 88.4% in the 2nd quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company’s stock worth $49,565,000 after buying an additional 59,942 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Teledyne Technologies by 3.2% in the first quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock valued at $676,041,000 after buying an additional 48,397 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Vertical Research started coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price on the stock. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, StockNews.com upgraded shares of 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 assigned a buy rating to the company. According to MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $450.50.

Teledyne Technologies Trading Up 0.4 %

Shares of NYSE TDY traded up $1.95 during mid-day trading on Thursday, hitting $447.42. 49,899 shares of the company traded hands, compared to its average volume of 238,514. The business has a 50 day moving average of $429.48 and a two-hundred day moving average of $408.64. The stock has a market capitalization of $20.93 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 3.18 and a beta of 1.01. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $458.15. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28.

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 the consensus estimate of $4.49 by $0.09. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business earned $4.67 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

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.