Whittier Trust Co. Has $14.14 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Whittier Trust Co. lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,306 shares of the scientific and technical instruments company's stock after purchasing an additional 1,192 shares during the period. Whittier Trust Co. owned 0.07% of Teledyne Technologies worth $14,139,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new stake in Teledyne Technologies in the third quarter worth $27,000. American National Bank acquired a new stake in Teledyne Technologies during the 2nd quarter worth $28,000. Innealta Capital LLC bought a new position in Teledyne Technologies during the second quarter worth about $28,000. Tortoise Investment Management LLC grew its stake in Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company's stock valued at $29,000 after acquiring an additional 24 shares during the period. Finally, Crewe Advisors LLC grew its stake in Teledyne Technologies by 319.0% in the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company's stock valued at $34,000 after acquiring an additional 67 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Down 0.6 %

Teledyne Technologies stock traded down $2.92 during midday trading on Monday, reaching $447.14. The stock had a trading volume of 202,457 shares, compared to its average volume of 239,290. The stock has a market capitalization of $20.92 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 3.16 and a beta of 1.01. The firm's fifty day simple moving average is $431.07 and its 200-day simple moving average is $408.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $458.15.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping analysts' consensus estimates of $4.49 by $0.09. The business 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%. The firm's revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm 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 Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Vertical Research initiated coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $470.00 price target on the stock. Finally, Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock 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 given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $450.50.

Teledyne Technologies 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.