Maridea Wealth Management LLC bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,485 shares of the scientific and technical instruments company’s stock, valued at approximately $1,503,000.
Other large investors have also added to or reduced their stakes in the company. Covea Finance boosted its holdings in shares of Teledyne Technologies by 7.5% during the fourth quarter. Covea Finance now owns 51,834 shares of the scientific and technical instruments company’s stock worth $26,473,000 after acquiring an additional 3,600 shares during the period. Mariner LLC grew its holdings in Teledyne Technologies by 7,237.2% in the 3rd quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock valued at $181,385,000 after buying an additional 305,337 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Teledyne Technologies during the 3rd quarter worth $4,923,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Teledyne Technologies by 32.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,972 shares of the scientific and technical instruments company’s stock worth $7,647,000 after buying an additional 3,627 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Teledyne Technologies by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,274,274 shares of the scientific and technical instruments company’s stock valued at $649,524,000 after acquiring an additional 13,647 shares during the period. Institutional investors own 91.58% of the company’s stock.
Teledyne Technologies Stock Performance
Shares of Teledyne Technologies stock opened at $624.53 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. The company has a market cap of $28.93 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 3.01 and a beta of 0.94. The company has a 50 day moving average of $626.45 and a 200-day moving average of $611.42. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $693.38.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on TDY shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. Barclays raised their target price on shares of Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Morgan Stanley boosted their price target on Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Needham & Company LLC raised their price objective on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group upgraded Teledyne Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $693.71.
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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