OneDigital Investment Advisors LLC Buys Shares of 497 Teledyne Technologies Incorporated (NYSE:TDY)

OneDigital Investment Advisors LLC bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 497 shares of the scientific and technical instruments company's stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ironwood Investment Management LLC increased its position in Teledyne Technologies by 0.8% during the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock worth $1,335,000 after acquiring an additional 22 shares during the period. Tidal Investments LLC increased its holdings in Teledyne Technologies by 0.4% in the 4th quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company's stock valued at $2,556,000 after buying an additional 22 shares during the period. Keel Point LLC increased its holdings in Teledyne Technologies by 4.5% in the 4th quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock valued at $247,000 after buying an additional 23 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Teledyne Technologies by 0.4% in the 1st 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 buying an additional 23 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in Teledyne Technologies by 2.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company's stock valued at $471,000 after buying an additional 24 shares during the period. Institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TDY shares. Needham & Company LLC lowered their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Bank of America boosted their price target 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. TD Securities reaffirmed a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus initiated coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price on the stock. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies presently has a consensus rating of "Buy" and a consensus target price of $554.43.

Teledyne Technologies Price Performance

NYSE TDY traded up $2.87 on Friday, hitting $530.39. 397,714 shares of the company were exchanged, compared to its average volume of 273,093. The firm has a 50 day moving average of $497.98 and a two-hundred day moving average of $488.63. The company has a market cap of $24.85 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.49 and a beta of 1.04. 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 1-year low of $391.58 and a 1-year high of $534.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a net margin of 14.37% and a return on equity of 9.95%. The firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.55 EPS. On average, equities analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies Company 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.