Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 147.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,980 shares of the scientific and technical instruments company's stock after acquiring an additional 2,371 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Teledyne Technologies were worth $1,544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of TDY. Tortoise Investment Management LLC increased its position in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company's stock worth $29,000 after purchasing an additional 24 shares during the last quarter. Weik Capital Management increased its holdings in shares of Teledyne Technologies by 0.5% during the 4th quarter. Weik Capital Management now owns 5,390 shares of the scientific and technical instruments company's stock worth $2,406,000 after buying an additional 25 shares during the last quarter. Summit Trail Advisors LLC raised its position in shares of Teledyne Technologies by 3.9% during the 2nd quarter. Summit Trail Advisors LLC now owns 720 shares of the scientific and technical instruments company's stock valued at $279,000 after buying an additional 27 shares during the period. Linscomb Wealth Inc. lifted its holdings in Teledyne Technologies by 4.4% in the second quarter. Linscomb Wealth Inc. now owns 695 shares of the scientific and technical instruments company's stock valued at $270,000 after acquiring an additional 29 shares during the last quarter. Finally, MJP Associates Inc. ADV grew its position in Teledyne Technologies by 5.6% in the second quarter. MJP Associates Inc. ADV now owns 604 shares of the scientific and technical instruments company's stock worth $234,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Trading Down 0.8 %

Shares of TDY traded down $3.69 during midday trading on Thursday, hitting $439.48. 154,080 shares of the stock were exchanged, compared to its average volume of 240,364. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The stock has a fifty day simple moving average of $423.28 and a 200 day simple moving average of $407.14. The firm has a market cap of $20.56 billion, a P/E ratio of 24.00, a P/E/G ratio of 3.05 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, beating analysts' consensus estimates of $4.49 by $0.09. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the business posted $4.67 EPS. On average, research 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 research analyst reports. Needham & Company LLC lifted their target price on Teledyne Technologies from $455.00 to $482.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. Vertical Research started coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $470.00 price objective for the company. Finally, StockNews.com raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $466.40.

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.