Keybank National Association OH Acquires 60,734 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Keybank National Association OH increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3,368.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,537 shares of the scientific and technical instruments company's stock after purchasing an additional 60,734 shares during the period. Keybank National Association OH owned approximately 0.13% of Teledyne Technologies worth $31,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TDY. LPL Financial LLC raised its holdings in Teledyne Technologies by 8.5% in the 4th quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company's stock valued at $13,166,000 after acquiring an additional 2,224 shares in the last quarter. Amundi raised its holdings in Teledyne Technologies by 11.9% in the 4th quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company's stock valued at $57,687,000 after acquiring an additional 13,244 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Teledyne Technologies by 4.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 38,298 shares of the scientific and technical instruments company's stock valued at $19,061,000 after acquiring an additional 1,712 shares in the last quarter. SG Americas Securities LLC acquired a new position in Teledyne Technologies in the 1st quarter valued at $6,725,000. Finally, QRG Capital Management Inc. acquired a new position in Teledyne Technologies in the 1st quarter valued at $275,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TDY has been the subject of several analyst reports. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Bank of America boosted their price target on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Needham & Company LLC lowered their price target on 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 reissued a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. Finally, Stifel Nicolaus initiated coverage on Teledyne Technologies in a report on Tuesday, June 24th. They set a "buy" rating and a $626.00 price target for the company. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies currently has an average rating of "Buy" and a consensus target price of $554.43.

Teledyne Technologies Price Performance

TDY stock traded up $8.38 during midday trading on Friday, reaching $517.89. 215,956 shares of the stock were exchanged, compared to its average volume of 271,541. The stock has a market capitalization of $24.27 billion, a PE ratio of 29.59, a P/E/G ratio of 2.43 and a beta of 1.04. Teledyne Technologies Incorporated has a 52 week low of $381.39 and a 52 week high of $522.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.19 and a quick ratio of 1.44. The company has a fifty day moving average price of $492.58 and a 200 day moving average price of $486.85.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, topping analysts' consensus estimates of $4.92 by $0.03. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.55 EPS. As a group, 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.