MJP Associates Inc. ADV Buys 102 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

MJP Associates Inc. ADV raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 21.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 572 shares of the scientific and technical instruments company’s stock after purchasing an additional 102 shares during the quarter. MJP Associates Inc. ADV’s holdings in Teledyne Technologies were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Congress Asset Management Co. MA increased its stake in Teledyne Technologies by 1.6% during the 1st quarter. Congress Asset Management Co. MA now owns 279,038 shares of the scientific and technical instruments company’s stock valued at $119,797,000 after purchasing an additional 4,518 shares in the last quarter. BTC Capital Management Inc. purchased a new stake in Teledyne Technologies during the first quarter valued at about $5,081,000. Park Avenue Securities LLC lifted its holdings 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 valued at $937,000 after purchasing an additional 189 shares during the last quarter. Czech National Bank lifted its holdings in Teledyne Technologies by 0.5% during the first quarter. Czech National Bank now owns 8,302 shares of the scientific and technical instruments company’s stock valued at $3,564,000 after purchasing an additional 38 shares during the last quarter. Finally, Fulton Bank N.A. lifted its holdings in Teledyne Technologies by 5.8% during the first quarter. Fulton Bank N.A. now owns 1,171 shares of the scientific and technical instruments company’s stock valued at $503,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 0.5 %

Shares of TDY stock traded up $2.06 during mid-day trading on Friday, reaching $388.60. 486,437 shares of the company’s stock traded hands, compared to its average volume of 232,549. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $448.19. The company has a market cap of $18.41 billion, a P/E ratio of 21.02, a P/E/G ratio of 2.72 and a beta of 1.04. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $393.39 and its 200-day moving average price is $415.30.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.53 EPS. On average, equities analysts expect that Teledyne Technologies Incorporated will post 19.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. TD Cowen lowered their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Bank of America downgraded shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $490.00 to $400.00 in a research note on Friday, April 26th. StockNews.com downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, Needham & Company LLC cut their price target on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $470.83.

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.