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

Envestnet Asset Management Inc. lessened its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.5% during the 1st quarter, according to its most recent disclosure with the SEC. 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 SEC.

Several other large investors have also recently bought and sold shares of the stock. IFM Investors Pty Ltd raised its stake in shares of Teledyne Technologies by 8.3% during the 1st quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company's stock worth $4,436,000 after purchasing an additional 681 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in Teledyne Technologies during the first quarter worth $247,000. Silver Oak Securities Incorporated acquired a new stake in Teledyne Technologies in the first quarter valued at $69,000. Palisade Capital Management LP grew its position in shares of Teledyne Technologies by 1.9% in the 1st quarter. Palisade Capital Management LP now owns 32,503 shares of the scientific and technical instruments company's stock valued at $16,177,000 after acquiring an additional 619 shares during the period. Finally, Mutual Advisors LLC increased its stake in shares of Teledyne Technologies by 6.7% during the 1st quarter. Mutual Advisors LLC now owns 1,286 shares of the scientific and technical instruments company's stock worth $590,000 after purchasing an additional 81 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

NYSE:TDY traded up $2.87 during mid-day trading on Friday, hitting $530.39. 397,714 shares of the stock were exchanged, compared to its average volume of 272,772. The firm's 50-day simple moving average is $497.98 and its 200 day simple moving average is $488.53. The stock has a market capitalization of $24.85 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. Teledyne Technologies Incorporated has a fifty-two week low of $391.58 and a fifty-two week high of $534.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.19.

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 for the quarter, topping analysts' consensus estimates of $4.92 by $0.03. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The company's revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $4.55 earnings per share. As a group, equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analysts Set New Price Targets

TDY has been the subject of a number of research analyst reports. 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. Needham & Company LLC cut their price objective 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. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Stifel Nicolaus assumed coverage on Teledyne Technologies in a report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target for the company. Finally, Bank of America upped their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $554.43.

Teledyne Technologies Company 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.