Maren Capital LLC raised its position in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 360,595 shares of the scientific and technical instruments company’s stock after buying an additional 43,652 shares during the period. Teledyne Technologies accounts for about 9.9% of Maren Capital LLC’s investment portfolio, making the stock its 3rd biggest position. Maren Capital LLC owned 0.77% of Teledyne Technologies worth $184,167,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of TDY. Abich Financial Wealth Management LLC bought a new stake in Teledyne Technologies during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teledyne Technologies in the 4th quarter valued at $28,000. Board of the Pension Protection Fund acquired a new position in Teledyne Technologies in the fourth quarter worth $41,000. Banque Cantonale Vaudoise bought a new stake in shares of Teledyne Technologies during the third quarter worth $43,000. Finally, AlphaQuest LLC increased its stake in shares of Teledyne Technologies by 7,700.0% in the third quarter. AlphaQuest LLC now owns 78 shares of the scientific and technical instruments company’s stock valued at $46,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.
Teledyne Technologies Stock Performance
Shares of Teledyne Technologies stock opened at $625.28 on Monday. The stock’s fifty day simple moving average is $630.60 and its 200 day simple moving average is $603.89. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $28.97 billion, a PE ratio of 31.63, a PEG ratio of 3.00 and a beta of 0.94. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $693.38.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Barclays increased their price objective on shares of Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Stifel Nicolaus upped their target price on shares of Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Jefferies Financial Group raised shares of Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $693.71.
Read Our Latest Stock 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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