Czech National Bank Buys 598 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Czech National Bank increased its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 5.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,703 shares of the scientific and technical instruments company's stock after purchasing an additional 598 shares during the period. Czech National Bank's holdings in Teledyne Technologies were worth $5,327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDY. Norges Bank acquired a new position in Teledyne Technologies in the 4th quarter worth $306,042,000. GAMMA Investing LLC boosted its stake in shares of Teledyne Technologies by 61,911.9% during the 1st quarter. GAMMA Investing LLC now owns 496,715 shares of the scientific and technical instruments company's stock worth $247,220,000 after buying an additional 495,914 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Teledyne Technologies by 19,605.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 365,133 shares of the scientific and technical instruments company's stock worth $169,469,000 after buying an additional 363,280 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Teledyne Technologies during the 4th quarter worth about $143,524,000. Finally, Madison Investment Advisors LLC acquired a new position in shares of Teledyne Technologies during the 4th quarter worth about $94,721,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

NYSE:TDY traded up $1.25 during mid-day trading on Thursday, hitting $499.36. The stock had a trading volume of 313,416 shares, compared to its average volume of 264,026. Teledyne Technologies Incorporated has a twelve month low of $380.63 and a twelve month high of $522.50. The stock has a market cap of $23.40 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.14 and a beta of 1.04. The company's 50 day simple moving average is $476.10 and its 200 day simple moving average is $483.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $4.55 earnings per share. On average, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TDY. Bank of America increased their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. TD Securities reaffirmed a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Needham & Company LLC cut their target price on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price 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.