Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Running Oak Capital LLC

Running Oak Capital LLC grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,274 shares of the scientific and technical instruments company’s stock after acquiring an additional 872 shares during the quarter. Teledyne Technologies comprises 1.9% of Running Oak Capital LLC’s portfolio, making the stock its 23rd biggest position. Running Oak Capital LLC owned about 0.07% of Teledyne Technologies worth $15,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in Teledyne Technologies by 8.5% during the fourth quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company’s stock worth $13,166,000 after acquiring an additional 2,224 shares during the last quarter. Amundi boosted its position in shares of Teledyne Technologies by 11.9% in the fourth quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company’s stock worth $57,687,000 after buying an additional 13,244 shares during the period. ING Groep NV boosted its position in shares of Teledyne Technologies by 144.9% in the fourth quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company’s stock worth $2,763,000 after buying an additional 3,522 shares during the period. Grandfield & Dodd LLC boosted its position in shares of Teledyne Technologies by 11.7% in the fourth quarter. Grandfield & Dodd LLC now owns 39,316 shares of the scientific and technical instruments company’s stock worth $18,248,000 after buying an additional 4,125 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Teledyne Technologies in the first quarter worth about $6,725,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TDY. 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. Wall Street Zen raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Bank of America upped their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. Finally, Needham & Company LLC decreased their target price on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $542.50.

Teledyne Technologies Trading Down 0.6%

Shares of TDY opened at $486.24 on Friday. The company has a market capitalization of $22.79 billion, a P/E ratio of 27.79, a P/E/G ratio of 2.30 and a beta of 1.04. Teledyne Technologies Incorporated has a one year low of $380.63 and a one year high of $522.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.19. The stock has a 50-day moving average price of $483.30 and a 200 day moving average price of $484.47.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating analysts’ consensus estimates of $4.92 by $0.03. The firm had revenue of $1.45 billion during 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%. Teledyne Technologies’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.55 earnings per share. Sell-side analysts forecast 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.