Teledyne Technologies Incorporated (NYSE:TDY) Stock Position Raised by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,298 shares of the scientific and technical instruments company's stock after buying an additional 1,712 shares during the period. Asset Management One Co. Ltd. owned 0.08% of Teledyne Technologies worth $19,061,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Quarry LP bought a new position in Teledyne Technologies in the 4th quarter worth about $28,000. NBC Securities Inc. bought a new position in Teledyne Technologies in the 1st quarter worth about $28,000. Hurley Capital LLC bought a new position in Teledyne Technologies in the 4th quarter worth about $33,000. Ancora Advisors LLC grew its position in Teledyne Technologies by 192.3% in the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Finally, City Holding Co. bought a new position in Teledyne Technologies in the 1st quarter worth about $38,000. Institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Bank of America upped their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a research report on Tuesday. They issued a "buy" rating and a $626.00 target price for the company. TD Securities restated a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Finally, Needham & Company LLC decreased their target price on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies presently has an average rating of "Buy" and a consensus target price of $554.43.

Teledyne Technologies Trading Up 0.6%

Shares of NYSE:TDY opened at $497.59 on Thursday. The company has a 50 day moving average of $485.02 and a 200-day moving average of $484.80. The firm has a market cap of $23.32 billion, a P/E ratio of 28.43, a P/E/G ratio of 2.33 and a beta of 1.04. Teledyne Technologies Incorporated has a twelve month low of $380.63 and a twelve month high of $522.50. The company has a current ratio of 2.19, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results 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. Teledyne Technologies had a net margin of 14.37% and a return on equity of 9.95%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business posted $4.55 EPS. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share 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.

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