Tower Research Capital LLC TRC Has $3.76 Million Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Tower Research Capital LLC TRC raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDYFree Report) by 308.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,426 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,365 shares during the period. Tower Research Capital LLC TRC’s holdings in Teledyne Technologies were worth $3,760,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TDY. Aristotle Capital Management LLC bought a new stake in shares of Teledyne Technologies in the third quarter valued at approximately $698,325,000. Norges Bank bought a new stake in shares of Teledyne Technologies in the fourth quarter valued at approximately $243,111,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Teledyne Technologies by 26.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 929,995 shares of the scientific and technical instruments company’s stock valued at $379,977,000 after acquiring an additional 193,544 shares during the period. Maren Capital LLC bought a new stake in shares of Teledyne Technologies in the fourth quarter valued at approximately $82,700,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Teledyne Technologies by 19.7% in the third quarter. JPMorgan Chase & Co. now owns 922,621 shares of the scientific and technical instruments company’s stock valued at $376,965,000 after acquiring an additional 151,659 shares during the period. 91.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TDY. StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. TD Cowen reduced their target price on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Needham & Company LLC reduced their target price on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Bank of America cut Teledyne Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $470.83.

Get Our Latest Research Report on TDY

Teledyne Technologies Stock Down 1.0 %

Shares of NYSE TDY opened at $389.06 on Friday. The stock has a market cap of $18.43 billion, a PE ratio of 21.04, a PEG ratio of 2.77 and a beta of 1.04. The business has a fifty day moving average of $398.25 and a two-hundred day moving average of $415.92. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81.

Teledyne Technologies (NYSE:TDYGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $4.53 earnings per share. As a group, equities research analysts expect that Teledyne Technologies Incorporated will post 19.36 earnings per share for the current fiscal year.

Teledyne Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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