Profund Advisors LLC increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 31.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,383 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,291 shares during the period. Profund Advisors LLC’s holdings in Teledyne Technologies were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Signaturefd LLC acquired a new position in Teledyne Technologies during the first quarter worth $111,000. Advisor Group Inc. increased its position in Teledyne Technologies by 41.6% during the fourth quarter. Advisor Group Inc. now owns 1,075 shares of the scientific and technical instruments company’s stock worth $195,000 after buying an additional 316 shares during the last quarter. BB&T Securities LLC acquired a new position in Teledyne Technologies during the fourth quarter worth $206,000. CIBC Asset Management Inc acquired a new position in Teledyne Technologies during the fourth quarter worth $220,000. Finally, Macquarie Group Ltd. acquired a new position in Teledyne Technologies during the fourth quarter worth $237,000. Institutional investors and hedge funds own 84.05% of the company’s stock.
Several equities analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price (up from $205.00) on shares of Teledyne Technologies in a research report on Friday, May 4th. ValuEngine raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Teledyne Technologies currently has an average rating of “Buy” and an average target price of $197.67.
Teledyne Technologies stock opened at $208.90 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.22 and a current ratio of 1.91. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 3.71 and a beta of 1.02. Teledyne Technologies Incorporated has a one year low of $123.29 and a one year high of $214.32.
Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, May 3rd. The scientific and technical instruments company reported $1.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.26. The firm had revenue of $695.60 million for the quarter, compared to the consensus estimate of $661.58 million. Teledyne Technologies had a net margin of 9.63% and a return on equity of 14.33%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. sell-side analysts predict that Teledyne Technologies Incorporated will post 7.55 EPS for the current fiscal year.
Teledyne Technologies Profile
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, Canada, the United Kingdom, France, 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 deployed in mission critical and harsh environments.
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