International Assets Investment Management LLC Boosts Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

International Assets Investment Management LLC increased its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 44,457.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,965 shares of the scientific and technical instruments company's stock after buying an additional 73,799 shares during the period. International Assets Investment Management LLC owned 0.16% of Teledyne Technologies worth $32,372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Teledyne Technologies by 0.3% in the first quarter. Vanguard Group Inc. now owns 5,534,111 shares of the scientific and technical instruments company's stock valued at $2,375,905,000 after acquiring an additional 16,189 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Teledyne Technologies by 3.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company's stock worth $676,041,000 after purchasing an additional 48,397 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Teledyne Technologies by 17.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company's stock valued at $480,355,000 after purchasing an additional 186,849 shares during the period. Earnest Partners LLC increased its stake in Teledyne Technologies by 3.5% during the 2nd quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company's stock valued at $154,665,000 after purchasing an additional 13,576 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Teledyne Technologies by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 375,265 shares of the scientific and technical instruments company's stock valued at $145,594,000 after purchasing an additional 32,339 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TDY has been the subject of a number of analyst reports. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $482.00 to $528.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Vertical Research began coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They set a "buy" rating and a $470.00 price target for the company. StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Finally, TD Cowen raised their target price on Teledyne Technologies from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Teledyne Technologies has an average rating of "Moderate Buy" and an average price target of $474.50.

Teledyne Technologies Stock Down 0.6 %

Teledyne Technologies stock traded down $3.01 during midday trading on Tuesday, hitting $463.71. 174,097 shares of the stock were exchanged, compared to its average volume of 240,471. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $475.73. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. The business's 50-day moving average price is $436.93 and its 200-day moving average price is $411.02. The stock has a market capitalization of $21.69 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.05 EPS. On average, research analysts expect that Teledyne Technologies Incorporated will post 19.42 EPS for the current fiscal year.

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.