Whittier Trust Co. of Nevada Inc. Has $5.30 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

Whittier Trust Co. of Nevada Inc. raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 4.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 13,665 shares of the scientific and technical instruments company’s stock after purchasing an additional 594 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Teledyne Technologies were worth $5,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TDY. International Assets Investment Management LLC grew its holdings in Teledyne Technologies by 37,167.5% during the fourth quarter. International Assets Investment Management LLC now owns 72,299 shares of the scientific and technical instruments company’s stock valued at $32,266,000 after purchasing an additional 72,105 shares during the last quarter. GAMMA Investing LLC acquired a new position in Teledyne Technologies during the fourth quarter valued at approximately $109,000. Atria Wealth Solutions Inc. grew its holdings in Teledyne Technologies by 18.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 922 shares of the scientific and technical instruments company’s stock valued at $411,000 after purchasing an additional 141 shares during the last quarter. Truist Financial Corp grew its holdings in Teledyne Technologies by 8.9% during the fourth quarter. Truist Financial Corp now owns 19,546 shares of the scientific and technical instruments company’s stock valued at $8,723,000 after purchasing an additional 1,601 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Teledyne Technologies by 27.8% during the fourth quarter. Russell Investments Group Ltd. now owns 18,138 shares of the scientific and technical instruments company’s stock valued at $8,083,000 after purchasing an additional 3,948 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

TDY has been the subject of several research reports. 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. Vertical Research initiated coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective for the company. Finally, StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average target price of $471.17.

Teledyne Technologies Stock Performance

TDY stock traded up $5.28 during midday trading on Thursday, hitting $430.74. The stock had a trading volume of 73,639 shares, compared to its average volume of 242,998. The firm has a market capitalization of $20.41 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 2.93 and a beta of 1.00. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $448.19. The stock has a 50-day simple moving average of $403.48 and a 200 day simple moving average of $406.29. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping the consensus estimate of $4.49 by $0.09. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. Teledyne Technologies’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business earned $4.67 earnings per share. As a group, equities research analysts anticipate that Teledyne Technologies Incorporated will post 19.4 earnings per share for the current year.

Teledyne Technologies Company 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.