Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,955 shares of the scientific and technical instruments company's stock after acquiring an additional 19,597 shares during the quarter. Assenagon Asset Management S.A. owned 0.25% of Teledyne Technologies worth $59,205,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TDY. Quarry LP purchased a new position in Teledyne Technologies during the fourth quarter valued at approximately $28,000. NBC Securities Inc. purchased a new position in Teledyne Technologies during the first quarter valued at approximately $28,000. Hurley Capital LLC acquired a new stake in Teledyne Technologies in the fourth quarter valued at approximately $33,000. Ancora Advisors LLC lifted its position in shares of Teledyne Technologies by 192.3% in the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after acquiring an additional 50 shares in the last quarter. Finally, City Holding Co. purchased a new position in shares of Teledyne Technologies in the first quarter valued at approximately $38,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Trading Down 1.6%

TDY stock traded down $8.06 during midday trading on Friday, hitting $486.89. 263,570 shares of the company's stock were exchanged, compared to its average volume of 267,296. The business has a 50-day simple moving average of $480.35 and a two-hundred day simple moving average of $484.23. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $22.82 billion, a PE ratio of 28.26, a P/E/G ratio of 3.14 and a beta of 1.04. Teledyne Technologies Incorporated has a 1-year low of $380.63 and a 1-year high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $0.03. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $4.55 earnings per share. On average, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TD Securities restated a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Needham & Company LLC decreased their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Bank of America raised their target price on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Finally, Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $542.50.

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.