Asset Management One Co. Ltd. Has $16.02 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

Asset Management One Co. Ltd. grew its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,594 shares of the scientific and technical instruments company's stock after acquiring an additional 1,189 shares during the quarter. Asset Management One Co. Ltd. owned 0.08% of Teledyne Technologies worth $16,016,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TDY. Wealth Enhancement Advisory Services LLC lifted its position in shares of Teledyne Technologies by 20.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,683 shares of the scientific and technical instruments company's stock worth $723,000 after buying an additional 280 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Teledyne Technologies by 50.1% during the first quarter. BNP Paribas Financial Markets now owns 32,913 shares of the scientific and technical instruments company's stock worth $14,130,000 after purchasing an additional 10,982 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Teledyne Technologies by 12.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,544 shares of the scientific and technical instruments company's stock valued at $7,103,000 after acquiring an additional 1,852 shares during the period. Nordea Investment Management AB grew its holdings in shares of Teledyne Technologies by 40.2% in the 1st quarter. Nordea Investment Management AB now owns 2,812 shares of the scientific and technical instruments company's stock valued at $1,214,000 after buying an additional 807 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of Teledyne Technologies by 6.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 6,761 shares of the scientific and technical instruments company's stock valued at $2,903,000 after buying an additional 396 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TDY shares. StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Needham & Company LLC upped their price target on Teledyne Technologies from $482.00 to $528.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Vertical Research initiated coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They issued a "buy" rating and a $470.00 price objective on the stock. Finally, TD Cowen raised their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Teledyne Technologies currently has an average rating of "Moderate Buy" and an average target price of $474.50.

Teledyne Technologies Stock Performance

Shares of TDY traded up $21.56 during midday trading on Wednesday, reaching $480.93. 275,528 shares of the stock were exchanged, compared to its average volume of 239,595. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $483.52. 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 company has a market cap of $22.41 billion, a P/E ratio of 23.22, a PEG ratio of 3.21 and a beta of 1.01. The stock's 50 day simple moving average is $441.55 and its 200 day simple moving average is $413.50.

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