Pacer Advisors Inc. raised its position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 27.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,639 shares of the scientific and technical instruments company’s stock after buying an additional 1,224 shares during the period. Pacer Advisors Inc.’s holdings in Teledyne Technologies were worth $2,880,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Teledyne Technologies during the fourth quarter worth about $28,000. DV Equities LLC purchased a new position in Teledyne Technologies during the 4th quarter valued at about $33,000. Board of the Pension Protection Fund purchased a new position in Teledyne Technologies during the 4th quarter valued at about $41,000. Banque Cantonale Vaudoise bought a new position in Teledyne Technologies during the 3rd quarter valued at approximately $43,000. Finally, eCIO Inc. bought a new position in Teledyne Technologies during the 4th quarter valued at approximately $47,000. Institutional investors own 91.58% of the company’s stock.
Teledyne Technologies Stock Down 0.4%
Shares of Teledyne Technologies stock opened at $614.49 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.16. The company has a 50-day moving average of $627.96 and a 200 day moving average of $609.94. The firm has a market cap of $28.47 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.96 and a beta of 0.94. Teledyne Technologies Incorporated has a 1 year low of $483.02 and a 1 year high of $693.38.
Analyst Ratings Changes
A number of brokerages have recently weighed in on TDY. Barclays lifted their price objective on Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Jefferies Financial Group raised Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Morgan Stanley lifted their price target on shares of Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a report on Wednesday, March 4th. Stifel Nicolaus boosted 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. Finally, Citigroup upped their price objective on shares of Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average target price of $693.71.
Get Our Latest Stock Report 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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