Norges Bank acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 839,316 shares of the scientific and technical instruments company’s stock, valued at approximately $428,664,000. Norges Bank owned 1.79% of Teledyne Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in TDY. Abich Financial Wealth Management LLC bought a new stake in Teledyne Technologies during the third quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Teledyne Technologies during the fourth quarter valued at $28,000. Board of the Pension Protection Fund bought a new stake in Teledyne Technologies during the fourth quarter valued at $41,000. Banque Cantonale Vaudoise bought a new stake in Teledyne Technologies during the third quarter valued at $43,000. Finally, AlphaQuest LLC boosted its stake in Teledyne Technologies by 7,700.0% during the third quarter. AlphaQuest LLC now owns 78 shares of the scientific and technical instruments company’s stock valued at $46,000 after buying an additional 77 shares during the period. Institutional investors own 91.58% of the company’s stock.
Teledyne Technologies Stock Down 1.8%
TDY opened at $608.86 on Tuesday. Teledyne Technologies Incorporated has a 12 month low of $483.02 and a 12 month high of $693.38. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $629.84 and its 200-day moving average price is $596.50. The company has a market cap of $28.21 billion, a P/E ratio of 30.80, a P/E/G ratio of 2.97 and a beta of 0.94.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on TDY. Citigroup lifted their price objective on Teledyne Technologies from $649.00 to $677.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Morgan Stanley lifted their price objective on Teledyne Technologies from $620.00 to $680.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Stifel Nicolaus lifted their price objective on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Finally, Barclays lifted their price target on Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $693.71.
Get Our Latest Analysis on TDY
Teledyne Technologies 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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