13,511 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,511 shares of the scientific and technical instruments company's stock, valued at approximately $6,725,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDY. Stratos Wealth Partners LTD. lifted 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 worth $232,000 after purchasing an additional 21 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Teledyne Technologies by 9.8% in the fourth quarter. New York State Teachers Retirement System now owns 43,595 shares of the scientific and technical instruments company's stock valued at $20,234,000 after purchasing an additional 3,907 shares during the period. Allworth Financial LP lifted its stake in shares of Teledyne Technologies by 15.1% in the fourth quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company's stock worth $105,000 after buying an additional 27 shares during the last quarter. Pathway Financial Advisors LLC acquired a new stake in shares of Teledyne Technologies in the fourth quarter worth $202,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Teledyne Technologies by 15.2% during the 4th quarter. Principal Financial Group Inc. now owns 64,350 shares of the scientific and technical instruments company's stock worth $29,867,000 after buying an additional 8,501 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TDY. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. TD Securities reissued a "buy" rating and set a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday, April 24th. Needham & Company LLC decreased their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Bank of America raised their target price on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $542.50.

Teledyne Technologies Price Performance

Shares of TDY traded up $0.98 during mid-day trading on Monday, reaching $488.45. The company had a trading volume of 381,683 shares, compared to its average volume of 267,753. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The company has a market capitalization of $22.89 billion, a P/E ratio of 28.35, a P/E/G ratio of 3.14 and a beta of 1.04. Teledyne Technologies Incorporated has a twelve month low of $380.63 and a twelve month high of $522.50. The company's 50-day moving average is $481.43 and its 200-day moving average is $484.24.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.92 by $0.03. The company 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 14.45% and a return on equity of 9.94%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.55 EPS. On average, equities analysts anticipate 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.