Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 21.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,063 shares of the scientific and technical instruments company’s stock after buying an additional 2,156 shares during the period. ProShare Advisors LLC’s holdings in Teledyne Technologies were worth $4,680,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tortoise Investment Management LLC lifted its holdings in shares of Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 24 shares during the period. Weik Capital Management raised its position in Teledyne Technologies by 0.5% in the fourth quarter. Weik Capital Management now owns 5,390 shares of the scientific and technical instruments company’s stock worth $2,406,000 after acquiring an additional 25 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in Teledyne Technologies by 3.9% in the 2nd quarter. Summit Trail Advisors LLC now owns 720 shares of the scientific and technical instruments company’s stock valued at $279,000 after acquiring an additional 27 shares during the last quarter. Linscomb Wealth Inc. boosted its position in shares of Teledyne Technologies by 4.4% during the 2nd quarter. Linscomb Wealth Inc. now owns 695 shares of the scientific and technical instruments company’s stock valued at $270,000 after purchasing an additional 29 shares in the last quarter. Finally, MJP Associates Inc. ADV grew its stake in shares of Teledyne Technologies by 5.6% in the 2nd quarter. MJP Associates Inc. ADV now owns 604 shares of the scientific and technical instruments company’s stock worth $234,000 after purchasing an additional 32 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TDY has been the subject of several recent research reports. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Needham & Company LLC increased their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Vertical Research began coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $471.17.

Teledyne Technologies Stock Up 0.6 %

Shares of NYSE:TDY opened at $436.11 on Friday. The firm has a 50 day simple moving average of $420.34 and a 200 day simple moving average of $406.71. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $448.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The company has a market cap 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.

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

About Teledyne Technologies

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.