Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Keybank National Association OH

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

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC grew its holdings in shares of Teledyne Technologies by 205.9% in the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock valued at $26,000 after purchasing an additional 35 shares during the period. NBC Securities Inc. acquired a new position in Teledyne Technologies in the 1st quarter valued at about $28,000. Quarry LP purchased a new stake in shares of Teledyne Technologies in the 4th quarter valued at approximately $28,000. Hurley Capital LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth approximately $33,000. Finally, Ancora Advisors LLC raised its position in shares of Teledyne Technologies by 192.3% during the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Wall Street Analyst Weigh In

TDY has been the subject of several analyst reports. Stifel Nicolaus initiated coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price objective for the company. TD Securities reaffirmed a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Bank of America boosted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. Finally, Needham & Company LLC decreased their target price on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Eight 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 a consensus target price of $554.43.

Teledyne Technologies Trading Up 1.6%

Shares of NYSE TDY traded up $8.38 during trading on Friday, reaching $517.89. The stock had a trading volume of 215,956 shares, compared to its average volume of 271,625. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.19. The company has a market cap of $24.27 billion, a P/E ratio of 29.59, a PEG ratio of 2.43 and a beta of 1.04. Teledyne Technologies Incorporated has a fifty-two week low of $381.03 and a fifty-two week high of $522.50. The business's 50-day moving average price is $492.58 and its 200-day moving average price is $486.65.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results 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 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 revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business posted $4.55 EPS. On average, equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal 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.