Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in shares of Teledyne Technologies Incorporated (NYSE:TDYFree Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,365 shares of the scientific and technical instruments company’s stock after acquiring an additional 694 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Teledyne Technologies worth $14,890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at $28,000. CVA Family Office LLC acquired a new stake in shares of Teledyne Technologies in the fourth quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Teledyne Technologies in the third quarter worth about $44,000. Anchor Investment Management LLC acquired a new position in Teledyne Technologies during the fourth quarter worth about $45,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in Teledyne Technologies by 63.2% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock valued at $49,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Down 1.0 %

Shares of Teledyne Technologies stock opened at $389.06 on Monday. The stock has a 50 day moving average of $398.25 and a 200 day moving average of $416.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.74 and a beta of 1.04. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $448.19.

Teledyne Technologies (NYSE:TDYGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.53 earnings per share. As a group, research analysts predict that Teledyne Technologies Incorporated will post 19.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TDY. TD Cowen decreased their target price on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Needham & Company LLC dropped their target price on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Bank of America lowered Teledyne Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $490.00 to $400.00 in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $470.83.

Get Our Latest Stock Analysis on Teledyne Technologies

About Teledyne Technologies

(Free Report)

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.

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

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