Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 14.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 555 shares of the scientific and technical instruments company’s stock after purchasing an additional 71 shares during the quarter. V Square Quantitative Management LLC’s holdings in Teledyne Technologies were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new stake in shares of Teledyne Technologies in the fourth quarter valued at approximately $29,000. NBC Securities Inc. boosted its holdings in shares of Teledyne Technologies by 89.4% in the first quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock valued at $38,000 after acquiring an additional 42 shares in the last quarter. Creekmur Asset Management LLC bought a new position in shares of Teledyne Technologies in the fourth quarter valued at approximately $45,000. Covestor Ltd boosted its holdings in shares of Teledyne Technologies by 131.9% in the first quarter. Covestor Ltd now owns 109 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 62 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Teledyne Technologies by 32.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 140 shares of the scientific and technical instruments company’s stock valued at $54,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Ratings Changes

TDY has been the subject of several recent analyst reports. Bank of America cut shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $490.00 to $400.00 in a report on Friday, April 26th. Vertical Research assumed coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price for the company. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Sunday. Needham & Company LLC raised their target price on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, TD Cowen reduced their target price on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $474.57.

Teledyne Technologies Stock Down 0.4 %

TDY stock traded down $1.56 during midday trading on Wednesday, reaching $409.30. The company had a trading volume of 67,638 shares, compared to its average volume of 250,815. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $448.19. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $19.39 billion, a P/E ratio of 22.13, a PEG ratio of 2.88 and a beta of 1.00. The company has a 50 day moving average of $397.29 and a two-hundred day moving average of $406.98.

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

Teledyne Technologies Company Profile

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.