Vontobel Holding Ltd. Buys New Shares in Teledyne Technologies Incorporated (NYSE:TDY)

Vontobel Holding Ltd. purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,631 shares of the scientific and technical instruments company's stock, valued at approximately $812,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its position in Teledyne Technologies by 205.9% during the 1st quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock worth $26,000 after purchasing an additional 35 shares during the period. Quarry LP acquired a new stake in Teledyne Technologies during the 4th quarter worth about $28,000. NBC Securities Inc. acquired a new stake in Teledyne Technologies during the 1st quarter worth about $28,000. Hurley Capital LLC acquired a new stake in Teledyne Technologies during the 4th quarter worth about $33,000. Finally, Ancora Advisors LLC grew its position in 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 worth $35,000 after purchasing an additional 50 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on TDY. TD Securities reaffirmed a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, June 24th. They set a "buy" rating and a $626.00 target price on the stock. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Bank of America increased their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Finally, Needham & Company LLC lowered 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 note on Thursday, April 24th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $554.43.

Teledyne Technologies Trading Up 1.6%

Shares of Teledyne Technologies stock opened at $517.89 on Friday. The firm has a market capitalization of $24.27 billion, a PE ratio of 29.59, a P/E/G ratio of 2.43 and a beta of 1.04. Teledyne Technologies Incorporated has a twelve month low of $381.39 and a twelve month high of $522.50. The firm's 50-day moving average price is $492.58 and its 200 day moving average price is $486.85. 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, beating analysts' consensus estimates of $4.92 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a net margin of 14.37% and a return on equity of 9.95%. Teledyne Technologies's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $4.55 EPS. On average, sell-side 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.

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