ORG Partners LLC Makes New Investment in Teledyne Technologies Incorporated (NYSE:TDY)

ORG Partners LLC purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,235 shares of the scientific and technical instruments company's stock, valued at approximately $615,000.

Several other institutional investors also recently modified their holdings of the company. Ironwood Investment Management LLC lifted its stake in Teledyne Technologies by 0.8% in the 4th 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 last quarter. Tidal Investments LLC lifted its position in shares of Teledyne Technologies by 0.4% in 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 buying an additional 22 shares during the last quarter. Keel Point LLC boosted its stake in shares of Teledyne Technologies by 4.5% during the 4th quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock worth $247,000 after acquiring an additional 23 shares during the period. New York Life Investment Management LLC increased its holdings in shares of Teledyne Technologies by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company's stock worth $2,884,000 after acquiring an additional 25 shares during the last quarter. Finally, Sagespring Wealth Partners LLC raised its stake in Teledyne Technologies by 3.9% in the 1st quarter. Sagespring Wealth Partners LLC now owns 663 shares of the scientific and technical instruments company's stock valued at $330,000 after acquiring an additional 25 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Price Performance

Shares of TDY traded down $2.70 during trading hours on Friday, reaching $486.24. The stock had a trading volume of 697,615 shares, compared to its average volume of 269,351. The stock has a market capitalization of $22.78 billion, a PE ratio of 27.79, a PEG ratio of 2.31 and a beta of 1.04. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50. 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 company's 50-day moving average is $482.86 and its two-hundred day moving average is $484.38.

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. The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. Teledyne Technologies had a net margin of 14.37% and a return on equity of 9.95%. The company's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.55 EPS. Research analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on TDY shares. TD Securities reaffirmed a "buy" rating and set a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday, April 24th. Bank of America upped their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Seven research 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 price target of $542.50.

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.