United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) during the 4th quarter, Holdings Channel reports. The fund acquired 1,200 shares of the scientific and technical instruments company’s stock, valued at approximately $613,000.
A number of other institutional investors have also recently bought and sold shares of TDY. Jones Financial Companies Lllp lifted its stake in Teledyne Technologies by 874.5% in the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock valued at $970,000 after buying an additional 1,749 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Teledyne Technologies by 78.6% in the first quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock valued at $772,000 after purchasing an additional 683 shares during the last quarter. Focus Partners Wealth increased its holdings in Teledyne Technologies by 48.4% during the first quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock worth $416,000 after buying an additional 272 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Teledyne Technologies during the second quarter worth $5,590,000. Finally, Cresset Asset Management LLC increased its holdings in Teledyne Technologies by 2.5% during the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock worth $425,000 after buying an additional 20 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.
Teledyne Technologies Trading Down 2.2%
TDY opened at $620.34 on Friday. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $693.38. The company has a 50-day simple moving average of $630.36 and a 200 day simple moving average of $595.31. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $28.74 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 3.03 and a beta of 0.97.
Wall Street Analysts Forecast Growth
TDY has been the topic of several research reports. Citigroup upped their price objective 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 upped their price objective on shares of Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a report on Wednesday, March 4th. Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Jefferies Financial Group upped their price objective on shares of Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, Barclays upped their price objective on shares of Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $693.71.
View Our Latest Report on Teledyne Technologies
Teledyne Technologies 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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