Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by EULAV Asset Management

EULAV Asset Management grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 83.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 79,200 shares of the scientific and technical instruments company's stock after acquiring an additional 36,000 shares during the quarter. EULAV Asset Management owned 0.17% of Teledyne Technologies worth $39,419,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Fullcircle Wealth LLC boosted its holdings in Teledyne Technologies by 11.1% in the first quarter. Fullcircle Wealth LLC now owns 489 shares of the scientific and technical instruments company's stock worth $226,000 after acquiring an additional 49 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in Teledyne Technologies by 8.3% in the first quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company's stock worth $4,436,000 after acquiring an additional 681 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Teledyne Technologies in the first quarter worth about $247,000. Silver Oak Securities Incorporated acquired a new stake in Teledyne Technologies in the first quarter worth about $69,000. Finally, Palisade Capital Management LP boosted its holdings in Teledyne Technologies by 1.9% in the first quarter. Palisade Capital Management LP now owns 32,503 shares of the scientific and technical instruments company's stock worth $16,177,000 after acquiring an additional 619 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on TDY. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Stifel Nicolaus began coverage on Teledyne Technologies in a report on Tuesday, June 24th. They set a "buy" rating and a $626.00 target price for the company. Bank of America lifted their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Monday, March 17th. TD Securities reaffirmed a "buy" rating and set a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Finally, 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 report on Thursday, April 24th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $554.43.

Teledyne Technologies Stock Up 1.6%

Shares of TDY stock opened at $517.89 on Monday. The stock has a 50 day moving average of $492.58 and a 200 day moving average of $486.85. The company has a current ratio of 2.19, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a market cap of $24.27 billion, a P/E ratio of 29.59, a P/E/G ratio of 2.43 and a beta of 1.04. Teledyne Technologies Incorporated has a twelve month low of $381.39 and a twelve month high of $522.50.

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 earnings per share for the quarter, beating the consensus estimate of $4.92 by $0.03. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. Teledyne Technologies's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $4.55 earnings per share. As a group, sell-side analysts expect 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.

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