GHP Investment Advisors Inc. Purchases 978 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

GHP Investment Advisors Inc. grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,687 shares of the scientific and technical instruments company's stock after purchasing an additional 978 shares during the period. GHP Investment Advisors Inc. owned approximately 0.07% of Teledyne Technologies worth $16,268,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Teledyne Technologies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,612,484 shares of the scientific and technical instruments company's stock valued at $2,604,922,000 after buying an additional 46,479 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Teledyne Technologies by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,723,082 shares of the scientific and technical instruments company's stock worth $799,734,000 after acquiring an additional 13,607 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Teledyne Technologies by 1.6% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,316,360 shares of the scientific and technical instruments company's stock valued at $610,962,000 after purchasing an additional 20,165 shares in the last quarter. Norges Bank purchased a new position in Teledyne Technologies in the 4th quarter worth $306,042,000. Finally, Invesco Ltd. raised its position in Teledyne Technologies by 4.6% in the 4th quarter. Invesco Ltd. now owns 626,522 shares of the scientific and technical instruments company's stock worth $290,788,000 after purchasing an additional 27,454 shares during the period. Institutional investors own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stifel Nicolaus assumed coverage on Teledyne Technologies in a report on Tuesday. They issued a "buy" rating and a $626.00 price objective on the stock. TD Securities reiterated a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday, April 24th. Needham & Company LLC dropped their price target on shares of 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 upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. 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 research note on Monday, March 17th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $554.43.

Teledyne Technologies Stock Up 0.7%

Shares of TDY stock traded up $3.63 during mid-day trading on Tuesday, reaching $494.63. 532,598 shares of the company's stock traded hands, compared to its average volume of 269,599. 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 company's 50-day moving average price is $483.77 and its 200-day moving average price is $484.65. The company has a market cap of $23.18 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.30 and a beta of 1.04. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50.

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 for the quarter, topping 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 business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the company earned $4.55 earnings per share. The business's revenue was up 7.4% compared to the same quarter last year. On average, equities analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

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.