Northwestern Mutual Wealth Management Co. raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 9,691.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,531 shares of the scientific and technical instruments company’s stock after purchasing an additional 45,066 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.10% of Teledyne Technologies worth $23,254,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in TDY. Mariner LLC lifted its position in shares of Teledyne Technologies by 7,237.2% during the 3rd quarter. Mariner LLC now owns 309,556 shares of the scientific and technical instruments company’s stock valued at $181,385,000 after acquiring an additional 305,337 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Teledyne Technologies during the 3rd quarter valued at approximately $129,791,000. Public Sector Pension Investment Board lifted its position in shares of Teledyne Technologies by 4,520.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 206,440 shares of the scientific and technical instruments company’s stock valued at $120,982,000 after acquiring an additional 201,972 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of Teledyne Technologies during the 3rd quarter valued at approximately $108,576,000. Finally, Dodge & Cox lifted its position in shares of Teledyne Technologies by 12.2% during the 3rd quarter. Dodge & Cox now owns 1,680,962 shares of the scientific and technical instruments company’s stock valued at $985,111,000 after acquiring an additional 183,222 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.
Teledyne Technologies Stock Down 1.8%
Shares of Teledyne Technologies stock opened at $606.61 on Wednesday. The company has a fifty day moving average price of $634.63 and a 200 day moving average price of $589.96. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $693.38. The stock has a market cap of $28.10 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 2.96 and a beta of 0.97.
Analyst Upgrades and Downgrades
TDY has been the subject of a number of research reports. Barclays lifted their price target on shares of Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Jefferies Financial Group lifted their price objective on Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Stifel Nicolaus lifted their price objective on Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Needham & Company LLC lifted their price objective on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley lifted their price objective on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $693.71.
Read Our Latest Stock Report on Teledyne Technologies
Teledyne Technologies Company Profile
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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