PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 11.8% during the 2nd quarter, Holdings Channel reports. The firm owned 7,860 shares of the scientific and technical instruments company’s stock after purchasing an additional 830 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Teledyne Technologies were worth $5,242,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in Teledyne Technologies by 874.5% during the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company’s stock valued at $970,000 after buying an additional 1,749 shares in the last quarter. Empowered Funds LLC grew its holdings in Teledyne Technologies by 78.6% during the first quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company’s stock worth $772,000 after acquiring an additional 683 shares during the period. Focus Partners Wealth raised its position in Teledyne Technologies by 48.4% in the first quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company’s stock worth $416,000 after acquiring an additional 272 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Teledyne Technologies in the second quarter worth about $5,590,000. Finally, Cresset Asset Management LLC lifted its holdings 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 acquiring an additional 20 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.
Teledyne Technologies Trading Down 0.0%
Shares of NYSE TDY opened at $691.00 on Monday. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $694.91. The company has a market cap of $32.03 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 3.01 and a beta of 0.92. The business has a fifty day simple moving average of $637.26 and a 200-day simple moving average of $637.84.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on TDY. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Stifel Nicolaus boosted their target price on shares of Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Citigroup increased their target price on shares of Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Zacks Research upgraded shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Finally, Barclays lifted their price target on shares of Teledyne Technologies from $614.00 to $640.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $715.83.
View Our Latest Stock Analysis on TDY
Teledyne Technologies Company 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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