1832 Asset Management L.P. Makes New $834,000 Investment in Teledyne Technologies Incorporated (NYSE:TDY)

1832 Asset Management L.P. purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,150 shares of the scientific and technical instruments company’s stock, valued at approximately $834,000.

A number of other hedge funds have also modified their holdings of TDY. Corient Private Wealth LLC grew its stake in Teledyne Technologies by 5.3% in the fourth quarter. Corient Private Wealth LLC now owns 4,209 shares of the scientific and technical instruments company’s stock valued at $1,878,000 after purchasing an additional 210 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Teledyne Technologies by 3.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 12,497 shares of the scientific and technical instruments company’s stock valued at $5,577,000 after buying an additional 468 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Teledyne Technologies by 28.4% in the fourth quarter. Hsbc Holdings PLC now owns 91,664 shares of the scientific and technical instruments company’s stock worth $40,905,000 after buying an additional 20,263 shares during the last quarter. TD Asset Management Inc raised its position in Teledyne Technologies by 3.8% during the fourth quarter. TD Asset Management Inc now owns 27,242 shares of the scientific and technical instruments company’s stock valued at $12,158,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Teledyne Technologies by 7.1% in the fourth quarter. Stifel Financial Corp now owns 35,250 shares of the scientific and technical instruments company’s stock valued at $15,732,000 after acquiring an additional 2,322 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of recent research reports. Needham & Company LLC raised their price target on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Vertical Research initiated coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price on the stock. Finally, StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average price target of $471.17.

Teledyne Technologies Stock Performance

Shares of TDY opened at $436.11 on Friday. The company has a market capitalization of $20.40 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $448.19. The company’s fifty day moving average price is $420.34 and its 200 day moving average price is $406.71.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.67 earnings per share. As a group, analysts expect that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current year.

Teledyne Technologies Profile

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.