Robeco Institutional Asset Management B.V. Takes Position in Teledyne Technologies Incorporated (NYSE:TDY)

Robeco Institutional Asset Management B.V. bought a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,741 shares of the scientific and technical instruments company's stock, valued at approximately $7,337,000.

Other hedge funds have also recently made changes to their positions in the company. New York Life Investment Management LLC raised its stake in Teledyne Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company's stock valued at $2,884,000 after acquiring an additional 25 shares during the period. Private Trust Co. NA raised its position in shares of Teledyne Technologies by 43.0% in the fourth quarter. Private Trust Co. NA now owns 173 shares of the scientific and technical instruments company's stock valued at $80,000 after purchasing an additional 52 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of Teledyne Technologies by 1.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 16,254 shares of the scientific and technical instruments company's stock valued at $7,544,000 after buying an additional 266 shares in the last quarter. SVB Wealth LLC bought a new position in Teledyne Technologies in the 4th quarter worth approximately $5,935,000. Finally, Metis Global Partners LLC grew its stake in Teledyne Technologies by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 1,569 shares of the scientific and technical instruments company's stock valued at $728,000 after buying an additional 55 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Teledyne Technologies Trading Up 0.4%

Shares of TDY traded up $2.13 during trading hours on Monday, hitting $511.82. The company had a trading volume of 425,988 shares, compared to its average volume of 270,895. Teledyne Technologies Incorporated has a 52-week low of $381.03 and a 52-week high of $807.97. The company has a quick ratio of 1.44, a current ratio of 2.19 and a debt-to-equity ratio of 0.30. The stock's 50 day moving average price is $486.85 and its 200 day moving average price is $485.44. The firm has a market cap of $23.98 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.39 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 EPS for the quarter, topping analysts' consensus estimates of $4.92 by $0.03. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the firm earned $4.55 EPS. The business's quarterly revenue was up 7.4% on a year-over-year basis. On average, research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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.