Krane Funds Advisors LLC lifted its position in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 40.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,866 shares of the scientific and technical instruments company’s stock after buying an additional 1,118 shares during the quarter. Krane Funds Advisors LLC’s holdings in Teledyne Technologies were worth $1,974,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new position in Teledyne Technologies during the third quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teledyne Technologies in the fourth quarter valued at $28,000. Board of the Pension Protection Fund acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth about $41,000. Banque Cantonale Vaudoise bought a new stake in shares of Teledyne Technologies during the 3rd quarter worth about $43,000. Finally, AlphaQuest LLC raised its holdings in Teledyne Technologies by 7,700.0% in the 3rd quarter. AlphaQuest LLC now owns 78 shares of the scientific and technical instruments company’s stock valued at $46,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.
Teledyne Technologies Stock Up 0.0%
TDY stock opened at $602.48 on Monday. The stock has a market capitalization of $27.91 billion, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $629.17 and a 200-day moving average price of $599.56. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $693.38.
Wall Street Analyst Weigh In
Several research firms have recently commented on TDY. Needham & Company LLC upped their target price on Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Barclays upped 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 note on Friday, April 24th. Jefferies Financial Group increased their target price on shares of Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Citigroup boosted their price target on Teledyne Technologies from $649.00 to $677.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Finally, Stifel Nicolaus lifted their price objective on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $693.71.
About Teledyne Technologies
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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