2,020 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Purchased by USA Financial Formulas

USA Financial Formulas purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,020 shares of the scientific and technical instruments company's stock, valued at approximately $1,005,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDY. NBC Securities Inc. bought a new position in Teledyne Technologies in the 1st quarter worth $28,000. Quarry LP bought a new position in Teledyne Technologies in the 4th quarter worth $28,000. Hurley Capital LLC bought a new position in Teledyne Technologies in the 4th quarter worth $33,000. Ancora Advisors LLC raised its holdings 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 period. Finally, City Holding Co. bought a new position in Teledyne Technologies in the 1st quarter worth $38,000. 91.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on TDY shares. Needham & Company LLC decreased their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Bank of America increased their price target on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, TD Securities reiterated a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies has a consensus rating of "Buy" and a consensus price target of $542.50.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock traded down $8.06 during trading on Friday, reaching $486.89. 263,570 shares of the stock traded hands, compared to its average volume of 267,296. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 3.14 and a beta of 1.04. The business has a fifty day simple moving average of $480.35 and a two-hundred day simple moving average of $484.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. Teledyne Technologies Incorporated has a 52-week low of $380.63 and a 52-week high of $522.50.

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, beating 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 9.94% and a net margin of 14.45%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.55 earnings per share. Sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current 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.