Rhumbline Advisers Has $46.51 Million Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Rhumbline Advisers raised its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,438 shares of the scientific and technical instruments company's stock after acquiring an additional 6,109 shares during the period. Rhumbline Advisers owned about 0.20% of Teledyne Technologies worth $46,506,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. raised its holdings in Teledyne Technologies by 4.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock valued at $232,000 after acquiring an additional 21 shares in the last quarter. Ironwood Investment Management LLC lifted its position in shares of Teledyne Technologies by 0.8% during the 4th quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock worth $1,335,000 after buying an additional 22 shares during the period. Tidal Investments LLC boosted its stake 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 in the last quarter. Keel Point LLC grew its position in Teledyne Technologies by 4.5% in 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 period. Finally, New York Life Investment Management LLC raised its stake in Teledyne Technologies by 0.4% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TDY shares. TD Securities restated a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research note 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 research report on Monday, March 17th. 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 report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies presently has an average rating of "Buy" and a consensus price target of $542.50.

Teledyne Technologies Price Performance

TDY stock traded up $1.25 during midday trading on Thursday, reaching $499.36. 313,416 shares of the company's stock traded hands, compared to its average volume of 264,026. The company has a 50-day simple moving average of $476.10 and a two-hundred day simple moving average of $483.01. Teledyne Technologies Incorporated has a 1-year low of $380.63 and a 1-year high of $522.50. The company has a market cap of $23.40 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.14 and a beta of 1.04. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released 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 return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the firm posted $4.55 EPS. The business's revenue was up 7.4% on a year-over-year basis. On average, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share 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.