Whittier Trust Co. of Nevada Inc. Has $7.76 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Whittier Trust Co. of Nevada Inc. raised its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,583 shares of the scientific and technical instruments company's stock after purchasing an additional 572 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Teledyne Technologies were worth $7,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. grew its stake in Teledyne Technologies by 1.9% in the first quarter. Whittier Trust Co. now owns 33,978 shares of the scientific and technical instruments company's stock valued at $16,911,000 after purchasing an additional 637 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Teledyne Technologies by 44.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 45,760 shares of the scientific and technical instruments company's stock worth $22,775,000 after buying an additional 14,111 shares during the period. Apollon Wealth Management LLC acquired a new stake in shares of Teledyne Technologies in the 1st quarter valued at approximately $221,000. Signaturefd LLC increased its position in Teledyne Technologies by 16.8% during the 1st quarter. Signaturefd LLC now owns 842 shares of the scientific and technical instruments company's stock worth $419,000 after buying an additional 121 shares during the period. Finally, CWM LLC increased its position in shares of Teledyne Technologies by 8.5% in the first quarter. CWM LLC now owns 667 shares of the scientific and technical instruments company's stock worth $332,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TDY shares. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC decreased their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus assumed coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They set a "buy" rating and a $626.00 target price for the company. Morgan Stanley raised their target price on Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, TD Securities reiterated a "buy" rating and set a $550.00 price objective on shares of Teledyne Technologies in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Teledyne Technologies currently has an average rating of "Moderate Buy" and an average price target of $557.63.

Teledyne Technologies Stock Up 3.5%

Shares of Teledyne Technologies stock traded up $18.90 during trading on Thursday, hitting $558.96. 537,521 shares of the stock were exchanged, compared to its average volume of 275,133. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.19 and a quick ratio of 1.44. The stock has a market cap of $26.19 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 2.51 and a beta of 1.04. The firm's 50-day moving average price is $503.02 and its 200 day moving average price is $490.48. Teledyne Technologies Incorporated has a 12-month low of $391.58 and a 12-month high of $559.19.

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 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 net margin of 14.37% and a return on equity of 9.95%. Teledyne Technologies's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.55 earnings per share. As a group, analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Teledyne Technologies 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.