Grandfield & Dodd LLC Acquires 848 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Grandfield & Dodd LLC lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 2.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,164 shares of the scientific and technical instruments company's stock after purchasing an additional 848 shares during the quarter. Grandfield & Dodd LLC owned 0.09% of Teledyne Technologies worth $19,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Tidal Investments LLC increased its holdings in Teledyne Technologies by 0.4% in the fourth quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company's stock worth $2,556,000 after buying an additional 22 shares during the last quarter. Keel Point LLC grew its stake in shares of Teledyne Technologies by 4.5% in the fourth quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock worth $247,000 after acquiring an additional 23 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Teledyne Technologies by 0.4% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,538 shares of the scientific and technical instruments company's stock worth $3,254,000 after acquiring an additional 23 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Teledyne Technologies by 2.6% in the first quarter. Sequoia Financial Advisors LLC now owns 947 shares of the scientific and technical instruments company's stock worth $471,000 after acquiring an additional 24 shares during the last quarter. Finally, Sagespring Wealth Partners LLC lifted its position in Teledyne Technologies by 3.9% in the first quarter. Sagespring Wealth Partners LLC now owns 663 shares of the scientific and technical instruments company's stock worth $330,000 after purchasing an additional 25 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. TD Securities reaffirmed a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Morgan Stanley raised their target price on Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a research report on Thursday. Stifel Nicolaus initiated coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 target price for the company. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Needham & Company LLC cut their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $557.63.

Teledyne Technologies Price Performance

Shares of NYSE:TDY traded up $4.59 during midday trading on Friday, reaching $563.59. The company's stock had a trading volume of 198,622 shares, compared to its average volume of 274,892. The business's fifty day simple moving average is $503.02 and its 200-day simple moving average is $490.48. 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 market capitalization of $26.41 billion, a P/E ratio of 32.21, a P/E/G ratio of 2.54 and a beta of 1.04. Teledyne Technologies Incorporated has a fifty-two week low of $391.58 and a fifty-two week high of $564.35.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping analysts' consensus estimates of $4.92 by $0.03. The firm had revenue of $1.45 billion during 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%. The company's revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $4.55 earnings per share. As a group, equities 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.