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

LBP AM SA bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,770 shares of the scientific and technical instruments company's stock, valued at approximately $6,356,000.

Several other institutional investors also recently modified their holdings of TDY. Ironwood Investment Management LLC increased its holdings in Teledyne Technologies by 0.8% in the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock valued at $1,335,000 after purchasing an additional 22 shares during the period. Tidal Investments LLC boosted its position in Teledyne Technologies by 0.4% during the fourth quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company's stock valued at $2,556,000 after acquiring an additional 22 shares during the last quarter. Keel Point LLC boosted its position in Teledyne Technologies by 4.5% during the fourth quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock valued at $247,000 after acquiring an additional 23 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Teledyne Technologies by 0.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,538 shares of the scientific and technical instruments company's stock valued at $3,254,000 after acquiring an additional 23 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Teledyne Technologies by 2.6% during the first quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company's stock valued at $471,000 after acquiring an additional 24 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Trading Up 0.5%

Shares of NYSE TDY traded up $2.87 during midday trading on Friday, hitting $530.39. 397,714 shares of the company traded hands, compared to its average volume of 272,772. Teledyne Technologies Incorporated has a 12-month low of $391.58 and a 12-month high of $534.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.19. The stock has a 50-day moving average price of $497.98 and a 200 day moving average price of $488.53. The firm has a market cap of $24.85 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.48 and a beta of 1.04.

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 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the company earned $4.55 earnings per share. Teledyne Technologies's quarterly revenue was up 7.4% on a year-over-year basis. As a group, analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on TDY shares. Stifel Nicolaus began coverage on shares of Teledyne Technologies in a research report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target on the stock. Needham & Company LLC cut 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 report on Thursday, April 24th. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Bank of America increased their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Finally, TD Securities reaffirmed a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies currently has a consensus rating of "Buy" and an average target price of $554.43.

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.