Corient Private Wealth LP purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) in the 2nd quarter, Holdings Channel reports. The firm purchased 4,330 shares of the scientific and technical instruments company’s stock, valued at approximately $2,887,000.
A number of other institutional investors have also made changes to their positions in TDY. CX Institutional boosted its holdings in Teledyne Technologies by 2.8% during the second quarter. CX Institutional now owns 617 shares of the scientific and technical instruments company’s stock worth $411,000 after purchasing an additional 17 shares during the last quarter. CENTRAL TRUST Co grew its position in Teledyne Technologies by 24.3% in the first 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 in the last quarter. Assetmark Inc. increased its stake in Teledyne Technologies by 10.5% in 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 last quarter. Parvin Asset Management LLC increased its stake in Teledyne Technologies by 12.5% in 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 last quarter. Finally, Cresset Asset Management LLC lifted its position in Teledyne Technologies by 2.5% during the 2nd 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 in the last quarter. Institutional investors own 91.58% of the company’s stock.
Teledyne Technologies Price Performance
NYSE:TDY opened at $609.94 on Wednesday. Teledyne Technologies Incorporated has a 12-month low of $483.02 and a 12-month high of $697.67. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 2.67 and a beta of 0.91. The stock’s 50 day moving average price is $648.00 and its two-hundred day moving average price is $640.54. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 0.19.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Citigroup lifted their target price on Teledyne Technologies from $677.00 to $680.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Barclays increased their price target on Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Morgan Stanley raised their price target on Teledyne Technologies from $680.00 to $715.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Teledyne Technologies in a research report on Wednesday, August 19th. Finally, Stifel Nicolaus upped their price objective on Teledyne Technologies from $750.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $721.67.
Read Our Latest Report on Teledyne Technologies
Insider Buying and Selling
In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of Teledyne Technologies stock in a transaction on 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 transaction, the director directly owned 55,783 shares of the company’s stock, valued at $37,951,406.22. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.36% of the stock is currently owned by company insiders.
About Teledyne Technologies
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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