Dynamic Technology Lab Private Ltd Has $1.02 Million Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Dynamic Technology Lab Private Ltd raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 40.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,322 shares of the scientific and technical instruments company’s stock after acquiring an additional 671 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Teledyne Technologies were worth $1,016,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Daiwa Securities Group Inc. raised its holdings in shares of Teledyne Technologies by 7.6% during the third quarter. Daiwa Securities Group Inc. now owns 7,833 shares of the scientific and technical instruments company’s stock valued at $3,428,000 after purchasing an additional 551 shares during the period. Swedbank AB increased its position in Teledyne Technologies by 0.6% in the 3rd quarter. Swedbank AB now owns 16,296 shares of the scientific and technical instruments company’s stock valued at $7,132,000 after buying an additional 100 shares in the last quarter. Cerity Partners LLC raised its stake in Teledyne Technologies by 30.6% during the 3rd quarter. Cerity Partners LLC now owns 16,383 shares of the scientific and technical instruments company’s stock worth $7,170,000 after buying an additional 3,838 shares during the period. Studio Investment Management LLC boosted its holdings in Teledyne Technologies by 17.0% in the third quarter. Studio Investment Management LLC now owns 268 shares of the scientific and technical instruments company’s stock worth $117,000 after acquiring an additional 39 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in Teledyne Technologies by 4.8% in the third quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock valued at $241,000 after acquiring an additional 25 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $485.68 on Thursday. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $492.00. The company has a market cap of $22.63 billion, a P/E ratio of 24.55, a P/E/G ratio of 3.31 and a beta of 1.01. The firm has a 50-day moving average of $458.07 and a 200-day moving average of $423.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.97 by $0.13. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $5.05 EPS. Equities research analysts forecast that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $487.33, for a total value of $22,453,729.75. Following the transaction, the chairman now directly owns 171,802 shares in the company, valued at $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TDY shares. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen upped their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Buy” and a consensus price target of $517.50.

Teledyne Technologies Company 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.