Applied Finance Capital Management LLC Boosts Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Applied Finance Capital Management LLC grew its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 267.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,720 shares of the scientific and technical instruments company's stock after acquiring an additional 3,436 shares during the quarter. Applied Finance Capital Management LLC's holdings in Teledyne Technologies were worth $2,066,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TDY. Orion Portfolio Solutions LLC boosted its stake 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 valued at $1,786,000 after acquiring an additional 1,315 shares in the last quarter. Clearbridge Investments LLC increased its position in Teledyne Technologies by 11.2% during the 1st quarter. Clearbridge Investments LLC now owns 267,036 shares of the scientific and technical instruments company's stock valued at $114,644,000 after buying an additional 26,793 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Teledyne Technologies by 3.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 48,288 shares of the scientific and technical instruments company's stock valued at $21,602,000 after buying an additional 1,665 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Teledyne Technologies by 49.8% in the first quarter. SG Americas Securities LLC now owns 13,349 shares of the scientific and technical instruments company's stock worth $5,731,000 after acquiring an additional 4,440 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Teledyne Technologies by 38.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,781 shares of the scientific and technical instruments company's stock worth $5,487,000 after acquiring an additional 3,532 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TDY has been the subject of several research analyst reports. StockNews.com raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. TD Cowen lifted their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Needham & Company LLC upped their target price on Teledyne Technologies from $482.00 to $528.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Vertical Research assumed coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $470.00 price target for the company. Finally, Bank of America upgraded Teledyne Technologies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $450.00 to $550.00 in a research note on Friday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $512.00.

Teledyne Technologies Stock Performance

Shares of NYSE:TDY traded up $11.58 during midday trading on Friday, reaching $489.24. The company's stock had a trading volume of 343,550 shares, compared to its average volume of 240,688. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average of $444.79 and a 200 day moving average of $415.06. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $492.00. The firm has a market capitalization of $22.80 billion, a PE ratio of 24.73, a P/E/G ratio of 3.37 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm earned $5.05 EPS. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts expect that Teledyne Technologies Incorporated will post 19.44 EPS 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.