Blue Square Asset Management LLC Purchases Shares of 464 Teledyne Technologies Incorporated (NYSE:TDY)

Blue Square Asset Management LLC acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 464 shares of the scientific and technical instruments company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Orion Portfolio Solutions LLC raised its holdings in Teledyne Technologies by 46.2% in the first quarter. Orion Portfolio Solutions LLC now owns 4,161 shares of the scientific and technical instruments company’s stock valued at $1,786,000 after buying an additional 1,315 shares during the period. Clearbridge Investments LLC lifted its holdings 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 valued at $114,644,000 after acquiring an additional 26,793 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings 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 valued at $21,602,000 after acquiring an additional 1,665 shares in the last quarter. SG Americas Securities LLC increased its holdings 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 purchasing an additional 4,440 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Teledyne Technologies by 38.2% in 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 purchasing an additional 3,532 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Trading Down 0.0 %

NYSE TDY opened at $455.20 on Monday. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 3.19 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $475.73. The company’s fifty day moving average price is $440.16 and its two-hundred day moving average price is $412.69.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $5.05 EPS. As a group, research analysts predict that Teledyne Technologies Incorporated will post 19.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on TDY. Vertical Research started coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target on the stock. TD Cowen boosted their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $482.00 to $528.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $474.50.

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.