Callan Family Office LLC acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 6,629 shares of the scientific and technical instruments company’s stock, valued at approximately $4,421,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TDY. CX Institutional lifted its stake in shares of Teledyne Technologies by 2.8% in the 2nd quarter. CX Institutional now owns 617 shares of the scientific and technical instruments company’s stock valued at $411,000 after purchasing an additional 17 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of Teledyne Technologies by 24.3% during the 1st quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 18 shares during the last quarter. Assetmark Inc. raised its holdings in Teledyne Technologies by 10.5% during the 1st quarter. Assetmark Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $115,000 after buying an additional 18 shares during the period. Parvin Asset Management LLC raised its holdings in Teledyne Technologies by 12.5% during the 1st quarter. Parvin Asset Management LLC now owns 180 shares of the scientific and technical instruments company’s stock valued at $109,000 after buying an additional 20 shares during the period. Finally, Cresset Asset Management LLC lifted its position in Teledyne Technologies by 2.5% in the second quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company’s stock worth $425,000 after buying an additional 20 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
Teledyne Technologies Price Performance
TDY opened at $635.01 on Friday. The business has a fifty day moving average of $647.73 and a 200 day moving average of $641.52. The stock has a market cap of $29.44 billion, a P/E ratio of 30.66, a PEG ratio of 2.76 and a beta of 0.92. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 52-week low of $483.02 and a 52-week high of $697.67.
Wall Street Analyst Weigh In
A number of research firms have weighed in on TDY. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Citigroup raised their target price on shares of Teledyne Technologies from $677.00 to $680.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Zacks Research raised shares of Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Morgan Stanley lifted their price target on shares of Teledyne Technologies from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Finally, Stifel Nicolaus upped their price target on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $721.67.
Check Out Our Latest Analysis on Teledyne Technologies
Insider Buying and Selling
In related news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the completion of the sale, the director owned 55,783 shares in the company, valued at $37,951,406.22. This trade represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.36% of the stock is owned by corporate insiders.
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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