Crossmark Global Holdings Inc. boosted its stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 59.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,339 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,251 shares during the period. Crossmark Global Holdings Inc.’s holdings in Teledyne Technologies were worth $1,705,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC grew its position in Teledyne Technologies by 2.0% in the 4th quarter. Personal CFO Solutions LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $413,000 after buying an additional 16 shares during the last quarter. US Asset Management LLC grew its position in Teledyne Technologies by 3.5% in the 4th quarter. US Asset Management LLC now owns 508 shares of the scientific and technical instruments company’s stock valued at $259,000 after buying an additional 17 shares during the last quarter. Modera Wealth Management LLC grew its position in Teledyne Technologies by 1.2% in the 4th quarter. Modera Wealth Management LLC now owns 1,519 shares of the scientific and technical instruments company’s stock valued at $776,000 after buying an additional 18 shares during the last quarter. Cresset Asset Management LLC grew its position in Teledyne Technologies by 2.5% in the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock valued at $425,000 after buying an additional 20 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its position in Teledyne Technologies by 2.3% in the 4th quarter. Fiduciary Alliance LLC now owns 997 shares of the scientific and technical instruments company’s stock valued at $509,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.
Teledyne Technologies Trading Down 0.1%
NYSE:TDY opened at $631.98 on Wednesday. The stock has a fifty day moving average price of $639.48 and a two-hundred day moving average price of $586.59. The stock has a market capitalization of $29.28 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 3.03 and a beta of 0.97. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.16 and a current ratio of 1.76. Teledyne Technologies Incorporated has a 1 year low of $483.02 and a 1 year high of $693.38.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Stifel Nicolaus raised their price objective on shares of Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Citigroup raised their price objective on shares of Teledyne Technologies from $649.00 to $677.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Finally, Jefferies Financial Group raised their price objective on shares of Teledyne Technologies from $710.00 to $770.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $693.71.
Get Our Latest Analysis on Teledyne Technologies
Teledyne Technologies Profile
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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