Securian Asset Management Inc Purchases 784 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Securian Asset Management Inc boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 23.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,099 shares of the scientific and technical instruments company’s stock after acquiring an additional 784 shares during the period. Securian Asset Management Inc’s holdings in Teledyne Technologies were worth $1,717,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. New Mexico Educational Retirement Board boosted its stake in Teledyne Technologies by 30.4% during the second quarter. New Mexico Educational Retirement Board now owns 3,129 shares of the scientific and technical instruments company’s stock valued at $1,311,000 after buying an additional 729 shares during the last quarter. Palisade Capital Management LLC NJ raised its position in Teledyne Technologies by 1.2% during the first quarter. Palisade Capital Management LLC NJ now owns 86,536 shares of the scientific and technical instruments company’s stock valued at $35,796,000 after purchasing an additional 1,023 shares during the period. Rafferty Asset Management LLC raised its position in Teledyne Technologies by 1.4% during the first quarter. Rafferty Asset Management LLC now owns 24,039 shares of the scientific and technical instruments company’s stock valued at $9,944,000 after purchasing an additional 342 shares during the period. Advisor Group Holdings Inc. raised its position in Teledyne Technologies by 39.5% during the second quarter. Advisor Group Holdings Inc. now owns 6,530 shares of the scientific and technical instruments company’s stock valued at $2,741,000 after purchasing an additional 1,850 shares during the period. Finally, Panagora Asset Management Inc. raised its position in Teledyne Technologies by 1.6% during the first quarter. Panagora Asset Management Inc. now owns 19,263 shares of the scientific and technical instruments company’s stock valued at $7,968,000 after purchasing an additional 297 shares during the period. 88.87% of the stock is owned by institutional investors.

Shares of NYSE TDY opened at $431.39 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.69 and a current ratio of 2.52. The business’s 50 day moving average price is $446.48 and its 200-day moving average price is $426.35. Teledyne Technologies Incorporated has a fifty-two week low of $301.76 and a fifty-two week high of $465.40. The company has a market cap of $20.11 billion, a price-to-earnings ratio of 44.61, a PEG ratio of 1.97 and a beta of 1.13.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, July 28th. The scientific and technical instruments company reported $4.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $1.67. Teledyne Technologies had a return on equity of 12.57% and a net margin of 10.77%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1 billion. Sell-side analysts predict that Teledyne Technologies Incorporated will post 15.57 earnings per share for the current year.

A number of equities research analysts have issued reports on the company. Needham & Company LLC upped their price objective on Teledyne Technologies from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Thursday, July 29th. Cowen upped their price objective on Teledyne Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, July 30th. The Goldman Sachs Group initiated coverage on Teledyne Technologies in a research report on Tuesday, June 8th. They set a “neutral” rating on the stock. Finally, Bank of America initiated coverage on Teledyne Technologies in a report on Tuesday, May 25th. They issued a “buy” rating and a $504.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Buy” and an average target price of $484.00.

In other news, EVP Jason Vanwees acquired 1,500 shares of the company’s stock in a transaction that occurred on Monday, September 13th. The shares were bought at an average price of $426.00 per share, with a total value of $639,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by corporate insiders.

Teledyne Technologies Company Profile

Teledyne Technologies, Inc engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. The Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial, and other applications; and electronic test and measurement equipment.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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