Bank of America Corp DE Acquires 5,260 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Bank of America Corp DE grew its holdings in Teledyne Technologies Incorporated (NYSE:TDYGet 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.

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

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

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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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