Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,261 shares of the scientific and technical instruments company’s stock after buying an additional 596 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Teledyne Technologies were worth $6,241,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new position in shares of Teledyne Technologies in the third quarter worth about $27,000. American National Bank purchased a new position in shares of Teledyne Technologies during the 2nd quarter valued at approximately $28,000. Innealta Capital LLC acquired a new stake in Teledyne Technologies in the second quarter valued at $28,000. Tortoise Investment Management LLC grew its position in shares of Teledyne Technologies by 48.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 24 shares in the last quarter. Finally, Crewe Advisors LLC increased its position in Teledyne Technologies by 319.0% in the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 67 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Needham & Company LLC lifted their price target on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Vertical Research began coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price on the stock. Finally, StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $450.50.

Teledyne Technologies Stock Down 0.4 %

NYSE:TDY traded down $1.96 on Monday, hitting $448.10. 120,037 shares of the company’s stock traded hands, compared to its average volume of 238,884. The firm has a 50-day moving average price of $431.07 and a 200-day moving average price of $408.92. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. The company has a market cap of $20.96 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 3.16 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.

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

About Teledyne Technologies

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.