Sagespring Wealth Partners LLC Purchases 25 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Sagespring Wealth Partners LLC grew its position in Teledyne Technologies Incorporated (NYSE:TDY) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 663 shares of the scientific and technical instruments company’s stock after purchasing an additional 25 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Teledyne Technologies were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Ironwood Investment Management LLC boosted its position in shares of Teledyne Technologies by 0.8% during the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company’s stock worth $1,335,000 after acquiring an additional 22 shares during the last quarter. Tidal Investments LLC raised its stake in Teledyne Technologies by 0.4% during the fourth quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company’s stock valued at $2,556,000 after purchasing an additional 22 shares in the last quarter. Keel Point LLC raised its stake in Teledyne Technologies by 4.5% during the fourth quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company’s stock valued at $247,000 after purchasing an additional 23 shares in the last quarter. New York Life Investment Management LLC raised its stake in Teledyne Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company’s stock valued at $2,884,000 after purchasing an additional 25 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in Teledyne Technologies by 0.7% during the first quarter. First Hawaiian Bank now owns 3,670 shares of the scientific and technical instruments company’s stock valued at $1,827,000 after purchasing an additional 26 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Trading Down 0.4%

Shares of TDY opened at $488.66 on Friday. Teledyne Technologies Incorporated has a twelve month low of $380.63 and a twelve month high of $522.50. The company has a market cap of $22.90 billion, a P/E ratio of 27.92, a P/E/G ratio of 2.31 and a beta of 1.04. The company has a current ratio of 2.19, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company’s fifty day simple moving average is $482.29 and its 200-day simple moving average is $484.32.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, beating the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.37% and a return on equity of 9.95%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm posted $4.55 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. TD Securities reaffirmed a “buy” rating and set a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Bank of America upped their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Needham & Company LLC decreased their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Finally, Wall Street Zen raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $542.50.

Teledyne Technologies 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.