Congress Asset Management Co. Raises Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Congress Asset Management Co. grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 274,769 shares of the scientific and technical instruments company's stock after buying an additional 1,805 shares during the period. Congress Asset Management Co. owned 0.59% of Teledyne Technologies worth $120,255,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Diversify Wealth Management LLC increased its holdings in Teledyne Technologies by 6.5% during the 3rd quarter. Diversify Wealth Management LLC now owns 2,945 shares of the scientific and technical instruments company's stock worth $1,384,000 after purchasing an additional 180 shares during the period. Frank Rimerman Advisors LLC increased its position in Teledyne Technologies by 4.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 781 shares of the scientific and technical instruments company's stock valued at $342,000 after acquiring an additional 36 shares during the period. GHP Investment Advisors Inc. lifted its stake in Teledyne Technologies by 3.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 30,480 shares of the scientific and technical instruments company's stock valued at $13,340,000 after buying an additional 1,085 shares in the last quarter. Forsta AP Fonden increased its holdings in shares of Teledyne Technologies by 9.3% during the 3rd quarter. Forsta AP Fonden now owns 8,200 shares of the scientific and technical instruments company's stock worth $3,589,000 after buying an additional 700 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Teledyne Technologies by 37.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,114 shares of the scientific and technical instruments company's stock valued at $1,357,000 after purchasing an additional 850 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Needham & Company LLC increased their price objective on Teledyne Technologies from $482.00 to $528.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Vertical Research initiated coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They set a "buy" rating and a $470.00 target price on the stock. TD Cowen lifted their target price on Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $474.50.

Teledyne Technologies Stock Down 1.3 %

Shares of Teledyne Technologies stock traded down $5.90 during trading hours on Thursday, hitting $455.62. The company had a trading volume of 277,888 shares, compared to its average volume of 240,266. The company has a market cap of $21.32 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $475.73. The company's 50-day moving average is $438.75 and its two-hundred day moving average is $411.83.

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