Whittier Trust Co. Grows Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Whittier Trust Co. raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 3.8% during the 3rd quarter, Holdings Channel reports. The firm owned 32,306 shares of the scientific and technical instruments company’s stock after buying an additional 1,192 shares during the quarter. Whittier Trust Co.’s holdings in Teledyne Technologies were worth $14,139,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Teledyne Technologies by 1.8% in the fourth quarter. Wellington Management Group LLP now owns 5,664 shares of the scientific and technical instruments company’s stock worth $2,528,000 after acquiring an additional 99 shares during the last quarter. NBC Securities Inc. increased its stake in Teledyne Technologies by 89.4% during the first quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock worth $38,000 after acquiring an additional 42 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Teledyne Technologies by 9.5% during the first quarter. Park Avenue Securities LLC now owns 2,182 shares of the scientific and technical instruments company’s stock worth $937,000 after buying an additional 189 shares during the period. Harbor Investment Advisory LLC acquired a new position in Teledyne Technologies during the first quarter worth $303,000. Finally, Cardinal Capital Management increased its stake in Teledyne Technologies by 13.0% during the first quarter. Cardinal Capital Management now owns 6,942 shares of the scientific and technical instruments company’s stock worth $2,980,000 after purchasing an additional 797 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Down 0.4 %

Shares of NYSE:TDY traded down $1.96 during midday trading on Monday, hitting $448.10. 120,037 shares of the company’s stock traded hands, compared to its average volume of 238,884. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $458.15. The company has a market cap of $20.96 billion, a PE ratio of 24.62, a P/E/G ratio of 3.16 and a beta of 1.01. 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 firm’s fifty day moving average price is $431.07 and its two-hundred day moving average price is $408.92.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.36 billion. During the same period last year, the firm earned $4.67 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on TDY. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Vertical Research started coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target on the stock. Finally, Needham & Company LLC boosted their target price on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $450.50.

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.