Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Blue Barn Wealth LLC

Blue Barn Wealth LLC increased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 10.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 672 shares of the scientific and technical instruments company’s stock after purchasing an additional 64 shares during the period. Blue Barn Wealth LLC’s holdings in Teledyne Technologies were worth $261,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Teledyne Technologies during the fourth quarter worth approximately $243,111,000. Maren Capital LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at about $82,700,000. Public Sector Pension Investment Board raised its stake in Teledyne Technologies by 1,755.0% during the 4th quarter. Public Sector Pension Investment Board now owns 93,325 shares of the scientific and technical instruments company’s stock valued at $41,650,000 after acquiring an additional 88,294 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Teledyne Technologies by 235.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock worth $48,593,000 after acquiring an additional 87,925 shares during the period. Finally, Vanguard Group Inc. lifted its position in Teledyne Technologies by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 5,517,922 shares of the scientific and technical instruments company’s stock worth $2,462,593,000 after acquiring an additional 77,890 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

Shares of TDY opened at $431.17 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19. The company has a 50-day simple moving average of $407.60 and a 200-day simple moving average of $406.32. The company has a market capitalization of $20.17 billion, a PE ratio of 23.28, a P/E/G ratio of 3.04 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY) last posted its quarterly 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. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period last year, the firm earned $4.67 EPS. Equities research analysts predict that Teledyne Technologies Incorporated will post 19.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on TDY. Needham & Company LLC upped their price target on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Vertical Research initiated coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $471.17.

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.