Walter Public Investments Inc. Buys 1,414 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Walter Public Investments Inc. grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 5.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,597 shares of the scientific and technical instruments company's stock after acquiring an additional 1,414 shares during the period. Teledyne Technologies comprises approximately 2.5% of Walter Public Investments Inc.'s investment portfolio, making the stock its 22nd biggest holding. Walter Public Investments Inc. owned approximately 0.06% of Teledyne Technologies worth $13,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Beverly Hills Private Wealth LLC raised its stake in shares of Teledyne Technologies by 3.8% during the first quarter. Beverly Hills Private Wealth LLC now owns 1,028 shares of the scientific and technical instruments company's stock valued at $512,000 after acquiring an additional 38 shares in the last quarter. EULAV Asset Management raised its stake in Teledyne Technologies by 83.3% in the first quarter. EULAV Asset Management now owns 79,200 shares of the scientific and technical instruments company's stock worth $39,419,000 after buying an additional 36,000 shares in the last quarter. Fullcircle Wealth LLC raised its stake in Teledyne Technologies by 11.1% in the first quarter. Fullcircle Wealth LLC now owns 489 shares of the scientific and technical instruments company's stock worth $226,000 after buying an additional 49 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Teledyne Technologies by 8.3% in the first quarter. IFM Investors Pty Ltd now owns 8,913 shares of the scientific and technical instruments company's stock worth $4,436,000 after buying an additional 681 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new position in Teledyne Technologies in the first quarter worth approximately $247,000. Institutional investors own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price objective for the company. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. TD Securities reissued a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research note on Thursday, April 24th. Bank of America boosted their price objective 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 reduced their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $554.43.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $514.81 on Tuesday. The business's fifty day simple moving average is $493.60 and its 200-day simple moving average is $487.34. The company has a market cap of $24.12 billion, a PE ratio of 29.42, a PEG ratio of 2.43 and a beta of 1.04. 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 Incorporated has a 12-month low of $381.39 and a 12-month high of $522.50.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.92 by $0.03. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.55 earnings per share. Analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share 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.

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