805 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 805 shares of the scientific and technical instruments company's stock, valued at approximately $401,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Golden State Wealth Management LLC boosted its stake 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 valued at $26,000 after acquiring an additional 35 shares during the last quarter. Quarry LP acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth about $28,000. NBC Securities Inc. purchased a new stake in shares of Teledyne Technologies during the first quarter worth about $28,000. Hurley Capital LLC acquired a new position in shares of Teledyne Technologies in the fourth quarter valued at approximately $33,000. Finally, Ancora Advisors LLC lifted its stake 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 valued at $35,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Stock Up 1.6%

Shares of NYSE TDY traded up $8.38 on Thursday, hitting $517.89. The company had a trading volume of 215,956 shares, compared to its average volume of 271,085. The company has a quick ratio of 1.44, a current ratio of 2.19 and a debt-to-equity ratio of 0.30. Teledyne Technologies Incorporated has a 12-month low of $381.03 and a 12-month high of $522.50. The firm has a market capitalization of $24.27 billion, a P/E ratio of 29.59, a PEG ratio of 2.40 and a beta of 1.04. The business has a 50 day moving average of $491.41 and a two-hundred day moving average of $486.33.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Needham & Company LLC cut their price target on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Stifel Nicolaus started coverage on Teledyne Technologies in a research note on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price for the company. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Bank of America lifted their price target on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. Finally, TD Securities reiterated a "buy" rating and set a $550.00 price objective on shares of Teledyne Technologies in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies presently has a consensus rating of "Buy" and an average target price of $554.43.

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.