Cooper Financial Group Boosts Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Cooper Financial Group boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDYGet Rating) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 567 shares of the scientific and technical instruments company’s stock after purchasing an additional 46 shares during the quarter. Cooper Financial Group’s holdings in Teledyne Technologies were worth $213,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. acquired a new stake in Teledyne Technologies during the 1st quarter valued at $35,000. Aaron Wealth Advisors LLC bought a new position in shares of Teledyne Technologies in the first quarter valued at approximately $72,000. Okabena Investment Services Inc. acquired a new position in shares of Teledyne Technologies during the fourth quarter worth approximately $80,000. Capital Advisors Ltd. LLC lifted its position in Teledyne Technologies by 214.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 176 shares of the scientific and technical instruments company’s stock valued at $83,000 after purchasing an additional 120 shares during the period. Finally, Prospera Financial Services Inc acquired a new position in Teledyne Technologies in the first quarter valued at about $114,000. 89.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TDY shares. Morgan Stanley reduced their price target on shares of Teledyne Technologies from $470.00 to $445.00 and set an “underweight” rating for the company in a report on Tuesday, August 16th. Needham & Company LLC cut their price target on Teledyne Technologies from $520.00 to $472.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Finally, TheStreet upgraded shares of Teledyne Technologies from a “c+” rating to a “b-” rating in a research report on Friday, August 5th.

Teledyne Technologies Stock Performance

NYSE TDY opened at $372.06 on Tuesday. Teledyne Technologies Incorporated has a 52-week low of $344.66 and a 52-week high of $493.97. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.67. The company has a fifty day moving average of $386.53 and a 200-day moving average of $408.36. The company has a market capitalization of $17.44 billion, a P/E ratio of 26.11, a P/E/G ratio of 2.44 and a beta of 1.07.

Teledyne Technologies (NYSE:TDYGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The scientific and technical instruments company reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.38 by $0.05. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a net margin of 12.67% and a return on equity of 10.93%. Teledyne Technologies’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.61 earnings per share. As a group, equities research analysts predict that Teledyne Technologies Incorporated will post 17.61 EPS for the current fiscal year.

About Teledyne Technologies

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Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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