Palisade Capital Management LLC NJ boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) by 24.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 22,622 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,377 shares during the quarter. Palisade Capital Management LLC NJ’s holdings in Teledyne Technologies were worth $10,692,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TDY. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Teledyne Technologies during the 1st quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Teledyne Technologies by 119.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 114 shares of the scientific and technical instruments company’s stock valued at $49,000 after buying an additional 62 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Teledyne Technologies during the 4th quarter valued at about $63,000. MUFG Americas Holdings Corp raised its stake in shares of Teledyne Technologies by 133.8% during the 4th quarter. MUFG Americas Holdings Corp now owns 152 shares of the scientific and technical instruments company’s stock valued at $66,000 after buying an additional 87 shares during the last quarter. Finally, Okabena Investment Services Inc. purchased a new position in shares of Teledyne Technologies during the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 87.61% of the company’s stock.
Teledyne Technologies Price Performance
Shares of Teledyne Technologies stock opened at $398.99 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.46. Teledyne Technologies Incorporated has a twelve month low of $344.66 and a twelve month high of $493.97. The business has a 50-day moving average price of $384.66 and a 200 day moving average price of $416.56. The firm has a market cap of $18.70 billion, a PE ratio of 28.00, a P/E/G ratio of 2.23 and a beta of 1.06.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on TDY shares. TheStreet lowered Teledyne Technologies from a “b” rating to a “c+” rating in a research note on Friday, June 10th. Needham & Company LLC cut their price target on Teledyne Technologies from $520.00 to $472.00 and set a “buy” rating for the company in a research note on Thursday, July 28th.
Teledyne Technologies Profile
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.
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