Cerity Partners LLC Acquires 1,156 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Cerity Partners LLC increased its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,303 shares of the scientific and technical instruments company's stock after acquiring an additional 1,156 shares during the period. Cerity Partners LLC's holdings in Teledyne Technologies were worth $8,114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP lifted its stake in Teledyne Technologies by 19.4% in the first quarter. Allworth Financial LP now owns 246 shares of the scientific and technical instruments company's stock worth $113,000 after acquiring an additional 40 shares during the period. LBP AM SA purchased a new stake in Teledyne Technologies in the first quarter worth $6,356,000. Axxcess Wealth Management LLC lifted its stake in Teledyne Technologies by 9.7% in the first quarter. Axxcess Wealth Management LLC now owns 687 shares of the scientific and technical instruments company's stock worth $342,000 after acquiring an additional 61 shares during the period. Greenleaf Trust lifted its stake in Teledyne Technologies by 1.3% in the first quarter. Greenleaf Trust now owns 2,148 shares of the scientific and technical instruments company's stock worth $1,069,000 after acquiring an additional 27 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in Teledyne Technologies by 146.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,680 shares of the scientific and technical instruments company's stock worth $3,265,000 after acquiring an additional 3,974 shares during the period. Institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TDY shares. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. 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 research report on Thursday, April 24th. Stifel Nicolaus started 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. Morgan Stanley increased 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. Finally, TD Securities reissued a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $557.63.

Teledyne Technologies Stock Up 0.5%

Shares of TDY traded up $2.83 during trading hours on Friday, hitting $561.83. The company had a trading volume of 86,175 shares, compared to its average volume of 274,665. The firm has a fifty day moving average price of $503.02 and a 200-day moving average price of $490.48. 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 stock has a market capitalization of $26.33 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 2.54 and a beta of 1.04. Teledyne Technologies Incorporated has a 52-week low of $391.58 and a 52-week high of $563.87.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. 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 firm earned $4.55 EPS. On average, equities research analysts forecast 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.