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

LBP AM SA purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,770 shares of the scientific and technical instruments company's stock, valued at approximately $6,356,000.

A number of other hedge funds have also recently added to or reduced their stakes in TDY. Golden State Wealth Management LLC lifted its holdings in 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 purchasing an additional 35 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Teledyne Technologies during the 1st quarter worth approximately $28,000. Quarry LP acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth approximately $28,000. Hurley Capital LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth approximately $33,000. Finally, Ancora Advisors LLC increased its holdings in shares of Teledyne Technologies by 192.3% during the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after buying an additional 50 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Up 0.6%

Shares of Teledyne Technologies stock traded up $3.05 during trading on Friday, hitting $530.57. 165,774 shares of the stock were exchanged, compared to its average volume of 271,945. The stock has a market cap of $24.86 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.44 and a beta of 1.04. The firm's 50-day moving average price is $496.95 and its 200 day moving average price is $488.15. Teledyne Technologies Incorporated has a 12-month low of $391.00 and a 12-month high of $530.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.19 and a quick ratio of 1.44.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 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 firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business earned $4.55 EPS. Teledyne Technologies's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TDY shares. Stifel Nicolaus started coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price for the company. Needham & Company LLC dropped their target price on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Bank of America lifted their target price on shares of 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 reissued a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock 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.