Running Oak Capital LLC grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 2.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,274 shares of the scientific and technical instruments company's stock after buying an additional 872 shares during the quarter. Teledyne Technologies accounts for 1.9% of Running Oak Capital LLC's investment portfolio, making the stock its 23rd largest position. Running Oak Capital LLC owned about 0.07% of Teledyne Technologies worth $15,565,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in TDY. LPL Financial LLC increased its stake 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 buying an additional 2,224 shares in the last quarter. Amundi increased 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 purchasing an additional 13,244 shares in the last quarter. ING Groep NV raised its stake in Teledyne Technologies by 144.9% in the 4th quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company's stock valued at $2,763,000 after purchasing an additional 3,522 shares during the last quarter. Grandfield & Dodd LLC lifted its holdings in Teledyne Technologies by 11.7% in the 4th quarter. Grandfield & Dodd LLC now owns 39,316 shares of the scientific and technical instruments company's stock valued at $18,248,000 after purchasing an additional 4,125 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Teledyne Technologies in the 1st quarter valued at $6,725,000. 91.58% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on TDY shares. Bank of America increased their target price 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 cut 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. TD Securities restated a "buy" rating and set a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies has a consensus rating of "Buy" and a consensus target price of $542.50.
Check Out Our Latest Report on Teledyne Technologies
Teledyne Technologies Trading Up 0.3%
NYSE:TDY traded up $1.49 on Monday, hitting $488.08. The stock had a trading volume of 102,521 shares, compared to its average volume of 300,957. The company has a fifty day moving average price of $483.30 and a two-hundred day moving average price of $484.52. Teledyne Technologies Incorporated has a 1-year low of $380.63 and a 1-year high of $522.50. 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 has a market cap of $22.87 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 2.30 and a beta of 1.04.
Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating analysts' consensus estimates of $4.92 by $0.03. The firm had revenue of $1.45 billion for 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%. The firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.55 earnings per share. Equities research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.
About Teledyne Technologies
(
Free Report)
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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