Natixis Advisors LLC Boosts Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Natixis Advisors LLC raised its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 24.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,020 shares of the scientific and technical instruments company’s stock after purchasing an additional 22,282 shares during the period. Natixis Advisors LLC owned 0.25% of Teledyne Technologies worth $44,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ING Groep NV grew its stake in Teledyne Technologies by 60.1% in the fourth quarter. ING Groep NV now owns 9,460 shares of the scientific and technical instruments company’s stock valued at $4,222,000 after purchasing an additional 3,550 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Teledyne Technologies by 28.4% in the fourth quarter. Hsbc Holdings PLC now owns 91,664 shares of the scientific and technical instruments company’s stock worth $40,905,000 after acquiring an additional 20,263 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Teledyne Technologies by 35.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 132,361 shares of the scientific and technical instruments company’s stock worth $59,071,000 after acquiring an additional 34,371 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Teledyne Technologies by 46.2% in the first quarter. Orion Portfolio Solutions LLC now owns 4,161 shares of the scientific and technical instruments company’s stock worth $1,786,000 after acquiring an additional 1,315 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Teledyne Technologies by 69.5% in the fourth quarter. BNP Paribas Financial Markets now owns 21,931 shares of the scientific and technical instruments company’s stock worth $9,788,000 after acquiring an additional 8,992 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

TDY has been the subject of several recent analyst reports. Needham & Company LLC raised their price target on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Finally, Vertical Research initiated coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $471.17.

Teledyne Technologies Trading Up 1.5 %

Teledyne Technologies stock opened at $432.80 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $448.19. The company has a market capitalization of $20.51 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 3.04 and a beta of 1.00. The stock has a 50-day moving average price of $405.17 and a 200 day moving average price of $406.23.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $4.67 earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.4 EPS for the current year.

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.