QRG Capital Management Inc. Takes $275,000 Position in Teledyne Technologies Incorporated (NYSE:TDY)

QRG Capital Management Inc. acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 553 shares of the scientific and technical instruments company's stock, valued at approximately $275,000.

Several other hedge funds have also recently bought and sold shares of TDY. LPL Financial LLC boosted its stake in shares of Teledyne Technologies by 8.5% during the 4th quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company's stock worth $13,166,000 after acquiring an additional 2,224 shares in the last quarter. Amundi raised its stake in shares of Teledyne Technologies by 11.9% in the 4th quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company's stock valued at $57,687,000 after acquiring an additional 13,244 shares in the last quarter. Grandfield & Dodd LLC lifted its holdings in Teledyne Technologies by 11.7% in the 4th quarter. Grandfield & Dodd LLC now owns 39,316 shares of the scientific and technical instruments company's stock worth $18,248,000 after purchasing an additional 4,125 shares during the last quarter. SG Americas Securities LLC bought a new stake in Teledyne Technologies during the first quarter worth approximately $6,725,000. Finally, Atria Investments Inc boosted its position in Teledyne Technologies by 3.9% during the fourth quarter. Atria Investments Inc now owns 15,864 shares of the scientific and technical instruments company's stock worth $7,363,000 after purchasing an additional 593 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Up 0.9%

TDY opened at $491.11 on Tuesday. The business has a 50 day moving average of $483.77 and a 200-day moving average of $484.65. The stock has a market capitalization of $23.01 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 2.30 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 $380.63 and a 1-year high of $522.50.

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 for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm earned $4.55 EPS. The business's revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TDY shares. 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. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC dropped their target price 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. Finally, Bank of America boosted their target price 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. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies presently has an average rating of "Buy" and an average 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.

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