Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,663 shares of the scientific and technical instruments company’s stock, valued at approximately $3,914,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in TDY. Vanguard Group Inc. lifted its holdings in Teledyne Technologies by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 5,977,792 shares of the scientific and technical instruments company’s stock valued at $3,053,038,000 after purchasing an additional 66,984 shares during the last quarter. State Street Corp raised its position in shares of Teledyne Technologies by 2.9% in the third quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company’s stock valued at $1,291,957,000 after purchasing an additional 61,135 shares during the period. Dodge & Cox lifted its stake in shares of Teledyne Technologies by 12.2% during the 3rd quarter. Dodge & Cox now owns 1,680,962 shares of the scientific and technical instruments company’s stock worth $985,111,000 after buying an additional 183,222 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Teledyne Technologies by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 942,825 shares of the scientific and technical instruments company’s stock worth $552,536,000 after buying an additional 24,222 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Teledyne Technologies by 25.7% during the 3rd quarter. Invesco Ltd. now owns 764,905 shares of the scientific and technical instruments company’s stock worth $448,265,000 after buying an additional 156,559 shares during the period. 91.58% of the stock is currently owned by institutional investors.
Teledyne Technologies Price Performance
Shares of NYSE TDY opened at $613.59 on Thursday. The business has a fifty day moving average price of $633.82 and a two-hundred day moving average price of $590.64. The stock has a market capitalization of $28.43 billion, a PE ratio of 31.04, a P/E/G ratio of 2.90 and a beta of 0.97. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.16. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $693.38.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Citigroup increased their price target on shares of Teledyne Technologies from $649.00 to $677.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Morgan Stanley boosted their price objective on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Barclays upped their target price on Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Needham & Company LLC lifted their price target on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group boosted their price target on Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $693.71.
Check Out Our Latest Research Report on Teledyne Technologies
Teledyne Technologies Company Profile
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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