Achmea Investment Management B.V. Takes Position in Teledyne Technologies Incorporated (NYSE:TDY)

Achmea Investment Management B.V. acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,869 shares of the scientific and technical instruments company's stock, valued at approximately $1,926,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in shares of Teledyne Technologies by 205.9% during the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock valued at $26,000 after acquiring an additional 35 shares during the period. Quarry LP acquired a new stake in Teledyne Technologies during the 4th quarter worth about $28,000. NBC Securities Inc. acquired a new stake in Teledyne Technologies during the 1st quarter worth about $28,000. Hurley Capital LLC acquired a new stake in Teledyne Technologies during the 4th quarter worth about $33,000. Finally, Ancora Advisors LLC increased its holdings in shares of Teledyne Technologies by 192.3% in the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Price Performance

Teledyne Technologies stock traded up $2.77 during mid-day trading on Friday, hitting $509.44. 373,513 shares of the company were exchanged, compared to its average volume of 270,272. The company has a quick ratio of 1.44, a current ratio of 2.19 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $486.85 and a 200 day moving average of $485.40. Teledyne Technologies Incorporated has a 1-year low of $381.03 and a 1-year high of $522.50. The company has a market capitalization of $23.87 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.04.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, beating analysts' consensus estimates of $4.92 by $0.03. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company posted $4.55 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TDY. Stifel Nicolaus initiated coverage on Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price on the stock. Bank of America upped their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Needham & Company LLC decreased their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. TD Securities reiterated a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $554.43.

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.