Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in Teledyne Technologies Incorporated (NYSE:TDY) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,594 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,189 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Teledyne Technologies were worth $16,016,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TDY. Vanguard Group Inc. boosted its stake in Teledyne Technologies by 0.3% during the 1st 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 during the period. Janus Henderson Group PLC boosted its stake in shares of Teledyne Technologies by 3.2% during the first quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock worth $676,041,000 after buying an additional 48,397 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Teledyne Technologies by 17.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock worth $480,355,000 after buying an additional 186,849 shares during the last quarter. Earnest Partners LLC increased its position in Teledyne Technologies by 3.5% in the 2nd quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company’s stock valued at $154,665,000 after acquiring an additional 13,576 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Teledyne Technologies by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 375,265 shares of the scientific and technical instruments company’s stock worth $145,594,000 after acquiring an additional 32,339 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $459.37 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $475.73. The company has a market cap of $21.41 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 3.19 and a beta of 1.01. The business has a fifty day moving average of $441.55 and a two-hundred day moving average of $413.50.

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

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.