Bank of America Corp DE grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 389,426 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,260 shares during the quarter. Bank of America Corp DE owned 0.83% of Teledyne Technologies worth $184,054,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Teledyne Technologies in the first quarter valued at about $35,000. Capital Advisors Ltd. LLC boosted its position in shares of Teledyne Technologies by 214.3% in the first quarter. Capital Advisors Ltd. LLC now owns 176 shares of the scientific and technical instruments company’s stock valued at $83,000 after acquiring an additional 120 shares during the period. Okabena Investment Services Inc. acquired a new position in Teledyne Technologies in the fourth quarter valued at about $80,000. Prospera Financial Services Inc acquired a new position in Teledyne Technologies in the first quarter valued at about $114,000. Finally, Standard Family Office LLC acquired a new position in Teledyne Technologies in the first quarter valued at about $124,000. Institutional investors own 89.77% of the company’s stock.
Teledyne Technologies Stock Down 1.3 %
Shares of NYSE TDY opened at $368.15 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The company has a market cap of $17.25 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 2.45 and a beta of 1.07. Teledyne Technologies Incorporated has a 12 month low of $344.66 and a 12 month high of $493.97. The stock has a 50-day moving average price of $386.32 and a two-hundred day moving average price of $407.83.
Analyst Ratings Changes
A number of research analysts recently commented on TDY shares. Morgan Stanley dropped their price target on Teledyne Technologies from $470.00 to $445.00 and set an “underweight” rating for the company in a research note on Tuesday, August 16th. Needham & Company LLC dropped 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 raised Teledyne Technologies from a “c+” rating to a “b-” rating in a research note on Friday, August 5th.
About Teledyne Technologies
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.
- Get a free copy of the StockNews.com research report on Teledyne Technologies (TDY)
- The Worst May be Over for Target, But is the Stock Safe to Buy?
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Two Fun Stocks The Insiders Are Buying
- Novavax Remains a Risk-On Stock in a Risk-Off Market
- General Mills: Superior Returns With Less Volatility
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.