Pictet Asset Management Holding SA lessened its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,838 shares of the scientific and technical instruments company’s stock after selling 1,052 shares during the period. Pictet Asset Management Holding SA’s holdings in Teledyne Technologies were worth $12,607,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in TDY. Vanguard Group Inc. boosted its holdings in shares of Teledyne Technologies by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 5,977,792 shares of the scientific and technical instruments company’s stock valued at $3,053,038,000 after acquiring an additional 66,984 shares during the period. State Street Corp increased its holdings in shares of Teledyne Technologies by 2.9% in the 3rd quarter. State Street Corp now owns 2,204,554 shares of the scientific and technical instruments company’s stock worth $1,291,957,000 after acquiring an additional 61,135 shares during the period. Janus Henderson Group PLC lifted its position in Teledyne Technologies by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,693,281 shares of the scientific and technical instruments company’s stock valued at $864,811,000 after purchasing an additional 9,824 shares during the last quarter. Dodge & Cox boosted its stake in Teledyne Technologies by 0.3% during the 4th quarter. Dodge & Cox now owns 1,685,340 shares of the scientific and technical instruments company’s stock valued at $860,754,000 after purchasing an additional 4,378 shares during the period. Finally, FIL Ltd boosted its stake in Teledyne Technologies by 25.2% during the 4th quarter. FIL Ltd now owns 1,367,137 shares of the scientific and technical instruments company’s stock valued at $698,238,000 after purchasing an additional 274,976 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.
Teledyne Technologies Price Performance
Shares of NYSE:TDY opened at $652.53 on Friday. Teledyne Technologies Incorporated has a one year low of $483.02 and a one year high of $693.38. The stock has a fifty day moving average of $627.74 and a 200-day moving average of $616.00. The company has a market capitalization of $30.23 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 3.17 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.16 and a current ratio of 1.76.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on TDY shares. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Citigroup boosted their price objective on Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a research report on Wednesday. Stifel Nicolaus raised their target price on Teledyne Technologies from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Barclays lifted their target price on Teledyne Technologies from $603.00 to $614.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Teledyne Technologies in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $694.14.
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.
Featured Articles
- Five stocks we like better than Teledyne Technologies
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
