Envestnet Asset Management Inc. Has $88.22 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Envestnet Asset Management Inc. decreased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,254 shares of the scientific and technical instruments company's stock after selling 8,351 shares during the period. Envestnet Asset Management Inc. owned about 0.38% of Teledyne Technologies worth $88,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC increased 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 worth $26,000 after buying an additional 35 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Teledyne Technologies during the first quarter worth approximately $28,000. Quarry LP acquired a new stake in shares of Teledyne Technologies during the fourth quarter worth approximately $28,000. Hurley Capital LLC acquired a new stake in shares of Teledyne Technologies during the fourth quarter worth approximately $33,000. Finally, Ancora Advisors LLC increased its holdings in shares of Teledyne Technologies by 192.3% during the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC decreased their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Bank of America increased their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, March 17th. TD Securities reissued a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Finally, Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target on the stock. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $554.43.

Teledyne Technologies Price Performance

Shares of TDY stock opened at $527.92 on Friday. Teledyne Technologies Incorporated has a 52-week low of $391.00 and a 52-week high of $530.44. The stock has a market cap of $24.74 billion, a PE ratio of 30.17, a PEG ratio of 2.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.19. The firm's 50 day moving average price is $496.95 and its two-hundred day moving average price is $488.15.

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

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.

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