Thomasville National Bank Invests $213,000 in Teledyne Technologies Incorporated (NYSE:TDY)

Thomasville National Bank bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the 1st quarter, HoldingsChannel reports. The fund bought 428 shares of the scientific and technical instruments company’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Teledyne Technologies in the fourth quarter valued at $306,042,000. GAMMA Investing LLC increased its holdings in shares of Teledyne Technologies by 61,911.9% in the 1st quarter. GAMMA Investing LLC now owns 496,715 shares of the scientific and technical instruments company’s stock valued at $247,220,000 after purchasing an additional 495,914 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Teledyne Technologies by 19,605.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 365,133 shares of the scientific and technical instruments company’s stock valued at $169,469,000 after purchasing an additional 363,280 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Teledyne Technologies in the fourth quarter valued at about $143,524,000. Finally, Madison Investment Advisors LLC purchased a new stake in Teledyne Technologies during the fourth quarter worth about $94,721,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

Shares of NYSE:TDY opened at $486.89 on Friday. The business’s 50-day simple moving average is $479.31 and its 200 day simple moving average is $484.19. The company has a market cap of $22.82 billion, a P/E ratio of 28.26, a PEG ratio of 3.14 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. Teledyne Technologies Incorporated has a one year low of $380.63 and a one year high of $522.50.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.92 by $0.03. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $4.55 earnings per share. On average, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Securities reaffirmed a “buy” rating and issued a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Needham & Company LLC lowered their price target on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Wall Street Zen raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Bank of America boosted their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $542.50.

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.