Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDYFree Report) by 12.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 122,877 shares of the scientific and technical instruments company’s stock after acquiring an additional 13,810 shares during the quarter. Envestnet Asset Management Inc. owned about 0.26% of Teledyne Technologies worth $54,839,000 as of its most recent SEC filing.

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

Teledyne Technologies Trading Up 0.0 %

Shares of NYSE TDY opened at $389.08 on Tuesday. The business has a fifty day simple moving average of $397.53 and a 200-day simple moving average of $416.19. The company has a market cap of $18.43 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 2.74 and a beta of 1.04. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.28.

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

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on TDY

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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