Ecofi Investissements SA Purchases Shares of 8,350 Teledyne Technologies Incorporated (NYSE:TDY)

Ecofi Investissements SA purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,350 shares of the scientific and technical instruments company's stock, valued at approximately $3,022,000. Teledyne Technologies accounts for about 1.7% of Ecofi Investissements SA's holdings, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. TD Asset Management Inc increased its stake in shares of Teledyne Technologies by 3.8% in the fourth quarter. TD Asset Management Inc now owns 27,242 shares of the scientific and technical instruments company's stock worth $12,158,000 after purchasing an additional 1,000 shares in the last quarter. Stifel Financial Corp increased its stake in Teledyne Technologies by 7.1% during the 4th quarter. Stifel Financial Corp now owns 35,250 shares of the scientific and technical instruments company's stock valued at $15,732,000 after purchasing an additional 2,322 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of Teledyne Technologies by 25.8% during the fourth quarter. Bank of Nova Scotia now owns 6,835 shares of the scientific and technical instruments company's stock valued at $3,050,000 after purchasing an additional 1,401 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Teledyne Technologies by 2.7% in the fourth quarter. California State Teachers Retirement System now owns 74,648 shares of the scientific and technical instruments company's stock worth $33,315,000 after purchasing an additional 1,957 shares during the last quarter. Finally, APG Asset Management US Inc. bought a new stake in shares of Teledyne Technologies during the 4th quarter valued at about $4,199,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Trading Up 0.4 %

NYSE:TDY traded up $1.92 on Monday, reaching $437.66. The company's stock had a trading volume of 185,953 shares, compared to its average volume of 241,089. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. The firm has a market cap of $20.74 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02. The stock has a 50 day moving average price of $421.20 and a 200 day moving average price of $406.55. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.49 by $0.09. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. Teledyne Technologies's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.67 EPS. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal year.

Analyst Ratings Changes

TDY has been the topic of a number of analyst reports. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a "buy" rating in a research note on Thursday, July 25th. StockNews.com downgraded Teledyne Technologies from a "buy" rating to a "hold" rating in a report on Sunday, August 11th. Finally, Vertical Research started coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They set a "buy" rating and a $470.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $466.40.

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.