Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Atria Investments Inc

Atria Investments Inc raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 29.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,231 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,242 shares during the period. Atria Investments Inc’s holdings in Teledyne Technologies were worth $6,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in Teledyne Technologies in the 4th quarter valued at approximately $243,111,000. Maren Capital LLC acquired a new stake in shares of Teledyne Technologies in the fourth quarter valued at $82,700,000. Public Sector Pension Investment Board raised its holdings in shares of Teledyne Technologies by 1,755.0% in the 4th quarter. Public Sector Pension Investment Board now owns 93,325 shares of the scientific and technical instruments company’s stock valued at $41,650,000 after buying an additional 88,294 shares during the period. Vanguard Group Inc. lifted its stake in Teledyne Technologies by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 5,517,922 shares of the scientific and technical instruments company’s stock worth $2,462,593,000 after acquiring an additional 77,890 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Teledyne Technologies by 37,167.5% during the 4th quarter. International Assets Investment Management LLC now owns 72,299 shares of the scientific and technical instruments company’s stock valued at $32,266,000 after acquiring an additional 72,105 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Down 1.8 %

Shares of Teledyne Technologies stock traded down $7.64 during trading on Friday, hitting $410.54. 328,712 shares of the stock were exchanged, compared to its average volume of 307,929. The stock has a market cap of $19.21 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 2.94 and a beta of 1.00. The firm’s 50-day moving average price is $395.60 and its 200 day moving average price is $408.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.09. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm posted $4.67 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, analysts forecast that Teledyne Technologies Incorporated will post 19.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

TDY has been the topic of a number of recent research reports. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Vertical Research started coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price on the stock. Bank of America downgraded shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $490.00 to $400.00 in a research note on Friday, April 26th. TD Cowen cut their price objective on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Needham & Company LLC lifted their target price on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $474.57.

About Teledyne Technologies

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.