Raymond James & Associates Has $46.27 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Raymond James & Associates raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,721 shares of the scientific and technical instruments company's stock after buying an additional 4,969 shares during the period. Raymond James & Associates owned about 0.23% of Teledyne Technologies worth $46,270,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Wolff Wiese Magana LLC bought a new stake in shares of Teledyne Technologies during the third quarter worth approximately $27,000. American National Bank bought a new stake in Teledyne Technologies in the 2nd quarter valued at $28,000. Innealta Capital LLC acquired a new position in Teledyne Technologies in the 2nd quarter valued at $28,000. Tortoise Investment Management LLC lifted its holdings in shares of 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 buying an additional 24 shares in the last quarter. Finally, Crewe Advisors LLC boosted its position in shares of 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 Price Performance

Teledyne Technologies stock traded up $26.60 during mid-day trading on Wednesday, reaching $470.09. The company had a trading volume of 501,848 shares, compared to its average volume of 240,583. The business has a fifty day simple moving average of $432.52 and a 200 day simple moving average of $409.32. The company has a market cap of $22.27 billion, a P/E ratio of 23.99, a P/E/G ratio of 3.16 and a beta of 1.01. 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 Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $470.84.

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

Wall Street Analysts Forecast Growth

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