Net Worth Advisory Group Takes Position in Teledyne Technologies Incorporated (NYSE:TDY)

Net Worth Advisory Group acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,775 shares of the scientific and technical instruments company's stock, valued at approximately $777,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its position in Teledyne Technologies by 46.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 4,161 shares of the scientific and technical instruments company's stock worth $1,786,000 after purchasing an additional 1,315 shares during the period. Clearbridge Investments LLC boosted its position in Teledyne Technologies by 11.2% in 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 during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Teledyne Technologies by 3.6% in the 1st 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 position in Teledyne Technologies by 49.8% in the 1st quarter. SG Americas Securities LLC now owns 13,349 shares of the scientific and technical instruments company's stock valued at $5,731,000 after buying an additional 4,440 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Teledyne Technologies by 38.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,781 shares of the scientific and technical instruments company's stock valued at $5,487,000 after buying an additional 3,532 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Vertical Research assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $470.00 price objective for the company. Finally, Needham & Company LLC upped their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Teledyne Technologies currently has an average rating of "Moderate Buy" and an average price target of $450.50.

Teledyne Technologies Stock Performance

TDY traded up $1.33 on Friday, hitting $450.06. 289,878 shares of the company's stock were exchanged, compared to its average volume of 239,473. The firm has a market cap of $21.32 billion, a PE ratio of 24.34, a P/E/G ratio of 3.18 and a beta of 1.01. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $458.15. The stock has a fifty day moving average of $431.07 and a two-hundred day moving average of $409.00. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28.

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

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.