Wealth Enhancement Advisory Services LLC Raises Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Wealth Enhancement Advisory Services LLC raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 36.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,835 shares of the scientific and technical instruments company’s stock after acquiring an additional 491 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Teledyne Technologies were worth $852,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of TDY. Stratos Wealth Partners LTD. grew its position in Teledyne Technologies by 4.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock worth $232,000 after acquiring an additional 21 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Teledyne Technologies by 37.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,290 shares of the scientific and technical instruments company’s stock valued at $2,021,000 after buying an additional 1,176 shares during the last quarter. Choreo LLC increased its holdings in shares of Teledyne Technologies by 55.5% in the 4th quarter. Choreo LLC now owns 1,488 shares of the scientific and technical instruments company’s stock worth $692,000 after purchasing an additional 531 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Teledyne Technologies by 14.5% in the 4th quarter. Bleakley Financial Group LLC now owns 780 shares of the scientific and technical instruments company’s stock worth $362,000 after purchasing an additional 99 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Teledyne Technologies by 1.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 134,117 shares of the scientific and technical instruments company’s stock worth $62,248,000 after acquiring an additional 2,152 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $505.35 on Tuesday. The firm has a market capitalization of $23.68 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 3.14 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The business has a fifty day moving average of $476.34 and a 200 day moving average of $483.86. Teledyne Technologies Incorporated has a 1 year low of $380.63 and a 1 year high of $522.50.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, topping the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm earned $4.55 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TDY shares. Needham & Company LLC lowered their price objective on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Wall Street Zen raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. TD Securities restated a “buy” rating and set a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Finally, Bank of America upped their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $542.50.

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.