Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,885 shares of the scientific and technical instruments company’s stock after acquiring an additional 176 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Teledyne Technologies were worth $4,326,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TDY. Vanguard Group Inc. lifted its stake in Teledyne Technologies by 0.3% during the first quarter. Vanguard Group Inc. now owns 5,534,111 shares of the scientific and technical instruments company’s stock worth $2,375,905,000 after purchasing an additional 16,189 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Teledyne Technologies by 3.2% during the 1st 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 acquiring an additional 48,397 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in Teledyne Technologies by 17.8% in the 2nd 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. Earnest Partners LLC increased its stake in Teledyne Technologies by 3.5% during the second quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company’s stock worth $154,665,000 after purchasing an additional 13,576 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Teledyne Technologies by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 375,265 shares of the scientific and technical instruments company’s stock worth $145,594,000 after purchasing an additional 32,339 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 0.3 %

Shares of NYSE:TDY opened at $450.06 on Friday. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $458.15. The company’s 50 day moving average is $431.07 and its two-hundred day moving average is $409.09. The company has a market cap of $21.32 billion, a PE ratio of 24.34, a P/E/G ratio of 3.18 and a beta of 1.01. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, beating the consensus estimate of $4.49 by $0.09. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. Teledyne Technologies’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.67 earnings per share. Equities analysts predict that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TDY shares. Needham & Company LLC upped their target price 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. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Vertical Research started coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $450.50.

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.