Jackson Creek Investment Advisors LLC Buys Shares of 820 Teledyne Technologies Incorporated (NYSE:TDY)

Jackson Creek Investment Advisors LLC purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 820 shares of the scientific and technical instruments company's stock, valued at approximately $408,000.

A number of other hedge funds have also recently modified their holdings of TDY. Vanguard Group Inc. grew its holdings in Teledyne Technologies by 0.8% during the fourth 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 purchasing an additional 46,479 shares during the period. Janus Henderson Group PLC lifted its position in shares of Teledyne Technologies by 0.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,723,082 shares of the scientific and technical instruments company's stock valued at $799,734,000 after buying an additional 13,607 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Teledyne Technologies by 1.6% during 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 acquiring an additional 20,165 shares during the period. Norges Bank purchased a new stake in Teledyne Technologies in the 4th quarter worth approximately $306,042,000. Finally, Invesco Ltd. raised its stake in Teledyne Technologies by 4.6% during the 4th quarter. Invesco Ltd. now owns 626,522 shares of the scientific and technical instruments company's stock worth $290,788,000 after acquiring an additional 27,454 shares during the period. Institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on TDY shares. Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price objective on the stock. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Morgan Stanley increased their target price on Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Thursday. Needham & Company LLC decreased their target price 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. Finally, 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $557.63.

Teledyne Technologies Stock Performance

Teledyne Technologies stock opened at $564.28 on Friday. The company's 50-day moving average price is $504.61 and its 200-day moving average price is $491.17. 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 has a market cap of $26.44 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. Teledyne Technologies Incorporated has a twelve month low of $391.58 and a twelve month high of $564.85.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, beating the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm posted $4.55 EPS. Teledyne Technologies's quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal 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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