Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Grandfield & Dodd LLC

Grandfield & Dodd LLC grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.9% during the first quarter, Holdings Channel.com reports. The firm owned 31,776 shares of the scientific and technical instruments company’s stock after buying an additional 882 shares during the quarter. Grandfield & Dodd LLC’s holdings in Teledyne Technologies were worth $13,643,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Teledyne Technologies by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 5,517,922 shares of the scientific and technical instruments company’s stock valued at $2,462,593,000 after purchasing an additional 77,890 shares during the period. King Luther Capital Management Corp grew its holdings in Teledyne Technologies by 1.6% during the fourth quarter. King Luther Capital Management Corp now owns 613,023 shares of the scientific and technical instruments company’s stock worth $273,586,000 after acquiring an additional 9,843 shares during the period. Norges Bank acquired a new position in Teledyne Technologies during the fourth quarter worth about $243,111,000. Northern Trust Corp grew its holdings in Teledyne Technologies by 1.9% during the fourth quarter. Northern Trust Corp now owns 519,334 shares of the scientific and technical instruments company’s stock worth $231,774,000 after acquiring an additional 9,455 shares during the period. Finally, Sei Investments Co. grew its holdings in Teledyne Technologies by 15.0% during the fourth quarter. Sei Investments Co. now owns 345,052 shares of the scientific and technical instruments company’s stock worth $153,994,000 after acquiring an additional 45,024 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TDY has been the topic of a number of research analyst reports. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Needham & Company LLC lowered their target price on Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a report 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. Finally, TD Cowen lowered their target price on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Two equities research 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.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $470.83.

Teledyne Technologies Trading Up 1.4 %

TDY traded up $5.41 during trading on Thursday, reaching $394.11. The company had a trading volume of 291,223 shares, compared to its average volume of 245,792. The firm’s 50-day simple moving average is $392.30 and its 200 day simple moving average is $411.95. The company has a market cap of $18.67 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 2.70 and a beta of 1.00. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.53 EPS. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 19.34 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.