Sanctuary Advisors LLC Makes New $4.95 Million Investment in Teledyne Technologies Incorporated (NYSE:TDY)

Sanctuary Advisors LLC acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,204 shares of the scientific and technical instruments company's stock, valued at approximately $4,947,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TDY. The Manufacturers Life Insurance Company boosted its position in Teledyne Technologies by 2.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 33,365 shares of the scientific and technical instruments company's stock valued at $14,890,000 after buying an additional 694 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Teledyne Technologies by 308.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,426 shares of the scientific and technical instruments company's stock valued at $3,760,000 after purchasing an additional 6,365 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Teledyne Technologies by 4.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 2,070 shares of the scientific and technical instruments company's stock worth $924,000 after purchasing an additional 91 shares during the last quarter. Cibc World Markets Corp raised its position in shares of Teledyne Technologies by 133.6% in the 4th quarter. Cibc World Markets Corp now owns 6,070 shares of the scientific and technical instruments company's stock valued at $2,709,000 after purchasing an additional 3,472 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Teledyne Technologies by 1.9% during the 4th quarter. Northern Trust Corp now owns 519,334 shares of the scientific and technical instruments company's stock valued at $231,774,000 after buying an additional 9,455 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock traded up $1.16 during trading hours on Friday, reaching $440.70. The company's stock had a trading volume of 184,938 shares, compared to its average volume of 211,986. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $448.19. The company's 50 day simple moving average is $424.13 and its 200 day simple moving average is $407.33. 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 market cap of $20.62 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 3.11 and a beta of 1.01.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TDY. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday. Vertical Research began coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $470.00 price target for the company. Finally, Needham & Company LLC upped their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the company a "buy" rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Teledyne Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $450.50.

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.