Lbp Am Sa Invests $6.36 Million in Teledyne Technologies Incorporated (NYSE:TDY)

LBP AM SA bought a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 12,770 shares of the scientific and technical instruments company's stock, valued at approximately $6,356,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDY. Golden State Wealth Management LLC boosted its position in Teledyne Technologies by 205.9% in 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 buying an additional 35 shares in the last quarter. Quarry LP acquired a new position in Teledyne Technologies in the fourth quarter valued at about $28,000. NBC Securities Inc. acquired a new position in Teledyne Technologies in the first quarter valued at about $28,000. Hurley Capital LLC acquired a new position in Teledyne Technologies in the fourth quarter valued at about $33,000. Finally, Ancora Advisors LLC boosted its position in Teledyne Technologies by 192.3% in 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 in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Teledyne Technologies Stock Up 1.6%

Shares of TDY stock traded up $8.06 during trading hours on Thursday, hitting $527.92. 494,982 shares of the company were exchanged, compared to its average volume of 272,331. The business has a 50 day moving average of $496.95 and a two-hundred day moving average of $488.15. The company has a current ratio of 2.19, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Teledyne Technologies Incorporated has a 52 week low of $391.00 and a 52 week high of $530.60. The company has a market capitalization of $24.74 billion, a PE ratio of 30.17, a PEG ratio of 2.42 and a beta of 1.04.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.37% and a return on equity of 9.95%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $4.55 earnings per share. The firm's revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share 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.