Whittier Trust Co. Purchases 637 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Whittier Trust Co. grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,978 shares of the scientific and technical instruments company's stock after buying an additional 637 shares during the quarter. Whittier Trust Co. owned 0.07% of Teledyne Technologies worth $16,911,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Golden State Wealth Management LLC boosted its position in shares of Teledyne Technologies by 205.9% in the first quarter. Golden State Wealth Management LLC now owns 52 shares of the scientific and technical instruments company's stock worth $26,000 after buying an additional 35 shares during the period. Quarry LP acquired a new stake in Teledyne Technologies in the fourth quarter valued at approximately $28,000. NBC Securities Inc. purchased a new stake in shares of Teledyne Technologies during the first quarter valued at approximately $28,000. Hurley Capital LLC acquired a new position in shares of Teledyne Technologies during the fourth quarter worth $33,000. Finally, Ancora Advisors LLC boosted its stake in shares of Teledyne Technologies by 192.3% in the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Price Performance

Shares of NYSE TDY traded down $1.70 during mid-day trading on Tuesday, reaching $535.03. The company had a trading volume of 353,697 shares, compared to its average volume of 273,650. The company has a 50-day moving average price of $500.30 and a two-hundred day moving average price of $489.49. The stock has a market cap of $25.07 billion, a PE ratio of 30.57, a P/E/G ratio of 2.49 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 1-year low of $391.58 and a 1-year high of $540.81.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $0.03. The firm 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 revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.55 EPS. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TDY shares. Stifel Nicolaus started coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price objective on the stock. TD Securities reaffirmed a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Needham & Company LLC cut their price target on shares of 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 objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Finally, Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $554.43.

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.