GHP Investment Advisors Inc. Boosts Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

GHP Investment Advisors Inc. increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Longboard Asset Management LP acquired a new position in Teledyne Technologies in the 1st quarter valued at $212,000. Crumly & Associates Inc. increased its stake in shares of Teledyne Technologies by 5.9% in the 1st quarter. Crumly & Associates Inc. now owns 705 shares of the scientific and technical instruments company's stock worth $351,000 after acquiring an additional 39 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Teledyne Technologies during the 1st quarter valued at about $670,000. Running Oak Capital LLC increased its position in Teledyne Technologies by 2.9% during the first quarter. Running Oak Capital LLC now owns 31,274 shares of the scientific and technical instruments company's stock worth $15,565,000 after purchasing an additional 872 shares during the last quarter. Finally, Covea Finance increased its holdings in shares of Teledyne Technologies by 35.5% during the 1st quarter. Covea Finance now owns 29,000 shares of the scientific and technical instruments company's stock worth $14,434,000 after buying an additional 7,600 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TDY has been the subject of a number of recent analyst reports. Bank of America lifted their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Stifel Nicolaus began coverage on Teledyne Technologies in a research report on Tuesday. They issued a "buy" rating and a $626.00 target price for the company. TD Securities restated a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Finally, Needham & Company LLC reduced their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies currently has a consensus rating of "Buy" and an average price target of $554.43.

Teledyne Technologies Stock Up 0.5%

Shares of NYSE:TDY traded up $2.77 during trading hours on Friday, reaching $509.44. The stock had a trading volume of 373,513 shares, compared to its average volume of 270,538. Teledyne Technologies Incorporated has a 1 year low of $381.03 and a 1 year high of $522.50. The firm's 50 day moving average is $485.91 and its 200-day moving average is $485.06. The stock has a market capitalization of $23.87 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 2.34 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.

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 EPS for the quarter, beating the consensus estimate of $4.92 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. Teledyne Technologies's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.55 earnings per share. Research analysts predict 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.