Allspring Global Investments Holdings LLC Buys 8,642 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Allspring Global Investments Holdings LLC grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 2.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 327,354 shares of the scientific and technical instruments company's stock after acquiring an additional 8,642 shares during the period. Allspring Global Investments Holdings LLC owned about 0.70% of Teledyne Technologies worth $163,130,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. LPL Financial LLC raised its position in 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 purchasing an additional 2,224 shares during the last quarter. Amundi raised its position in shares of Teledyne Technologies by 11.9% during the fourth quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company's stock worth $57,687,000 after acquiring an additional 13,244 shares during the last quarter. Grandfield & Dodd LLC raised its holdings in Teledyne Technologies by 11.7% during 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. Asset Management One Co. Ltd. raised its holdings in Teledyne Technologies by 4.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 38,298 shares of the scientific and technical instruments company's stock worth $19,061,000 after purchasing an additional 1,712 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Teledyne Technologies during the 1st quarter worth approximately $6,725,000. Institutional investors own 91.58% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TDY. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC lowered their target price 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. Bank of America lifted their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. TD Securities reissued a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday, April 24th. Finally, Stifel Nicolaus assumed coverage on Teledyne Technologies in a report on Tuesday. They issued a "buy" rating and a $626.00 target price for the company. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $554.43.

Teledyne Technologies Stock Performance

NYSE:TDY traded up $2.77 during trading on Friday, reaching $509.44. The company's stock had a trading volume of 373,513 shares, compared to its average volume of 270,815. The firm has a market cap of $23.87 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 2.38 and a beta of 1.04. The firm has a 50 day moving average of $485.91 and a 200-day moving average of $485.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.19. Teledyne Technologies Incorporated has a 12 month low of $381.03 and a 12 month high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, topping the consensus estimate of $4.92 by $0.03. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.55 EPS. Research analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

About Teledyne Technologies

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.