Silvercrest Asset Management Group LLC Increases Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Silvercrest Asset Management Group LLC grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 14.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,951 shares of the scientific and technical instruments company’s stock after purchasing an additional 744 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Teledyne Technologies were worth $2,555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Teledyne Technologies by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,534,111 shares of the scientific and technical instruments company’s stock worth $2,375,905,000 after buying an additional 16,189 shares during the period. King Luther Capital Management Corp increased its holdings in Teledyne Technologies by 1.6% during the 4th 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 purchasing an additional 9,843 shares during the period. Norges Bank acquired a new stake in Teledyne Technologies in the 4th quarter valued at about $243,111,000. Northern Trust Corp boosted its stake in shares of Teledyne Technologies by 1.9% in the 4th quarter. Northern Trust Corp now owns 519,334 shares of the scientific and technical instruments company’s stock valued at $231,774,000 after buying an additional 9,455 shares during the period. Finally, Earnest Partners LLC grew its position in shares of Teledyne Technologies by 5.9% during the first quarter. Earnest Partners LLC now owns 385,066 shares of the scientific and technical instruments company’s stock worth $165,317,000 after buying an additional 21,547 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on TDY shares. TD Cowen reduced their target price 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 cut 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 lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Vertical Research began coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus target price of $474.57.

Teledyne Technologies Stock Up 0.2 %

TDY opened at $423.98 on Wednesday. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $448.19. The business has a 50 day moving average price of $394.84 and a two-hundred day moving average price of $408.49. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. The company has a market cap of $20.09 billion, a PE ratio of 22.93, a P/E/G ratio of 2.98 and a beta of 1.00.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $4.67 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, research analysts anticipate that Teledyne Technologies Incorporated will post 19.36 EPS 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.