CAPROCK Group Inc. purchased a new position in Teledyne Technologies Incorporated (NYSE: TDY – Get Rating) in the first quarter, HoldingsChannel.com reports. The firm purchased 502 shares of the company’s scientific and technical instruments stock, valued at approximately $ 237,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moors & Cabot Inc. purchased a new position in Teledyne Technologies in the 3rd quarter worth approximately $ 25,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Teledyne Technologies by 119.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 114 shares of the company’s scientific and technical instruments stock worth $ 49,000 after acquiring an additional 62 shares during the period. The National Bank of Canada FI purchased a new position in Teledyne Technologies in the 4th quarter worth approximately $ 63,000. MUFG Americas Holdings Corp. boosted its holdings in Teledyne Technologies by 133.8% in the 4th quarter. MUFG Americas Holdings Corp now owns 152 shares of the company’s scientific and technical instruments stock worth $ 66,000 after acquiring an additional 87 shares during the period. Finally, Okabena Investment Services Inc. purchased a new position in Teledyne Technologies in the 4th quarter worth approximately $ 80,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.
TDY stock opened at $ 378.02 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49. The firm has a market cap of $ 17.71 billion, a P / E ratio of 31.14, a P / E / G ratio of 2.01 and a beta of 1.10. Teledyne Technologies Incorporated has a 12-month low of $ 344.66 and a 12-month high of $ 493.97. The stock’s 50 day simple moving average is $ 406.18 and its 200 day simple moving average is $ 425.50.
Teledyne Technologies (NYSE: TDY – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The scientific and technical instruments company reported $ 4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 4.09 by $ 0.18. The business had revenue of $ 1.32 billion for the quarter, compared to analyst estimates of $ 1.33 billion. Teledyne Technologies had a return on equity of 10.99% and a net margin of 11.17%. The business’s revenue was up 64.0% compared to the same quarter last year. During the same period in the prior year, the company posted $ 3.02 EPS. On average, research analysts forecast that Teledyne Technologies Incorporated will post 17.98 EPS for the current fiscal year.
A number of equities analysts have issued reports on TDY shares. TheStreet lowered Teledyne Technologies from a “b” rating to a “c +” rating in a research report on Friday, June 10th. StockNews.com started coverage on Teledyne Technologies in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $ 505.00.
Teledyne Technologies Company Profile (Get Rating)
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company’s Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.
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