Walter Public Investments Inc. Buys 516 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Walter Public Investments Inc. raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,572 shares of the scientific and technical instruments company’s stock after purchasing an additional 516 shares during the quarter. Walter Public Investments Inc.’s holdings in Teledyne Technologies were worth $8,128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDY. Goldman Sachs Group Inc. increased its stake in Teledyne Technologies by 35.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 132,361 shares of the scientific and technical instruments company’s stock valued at $59,071,000 after purchasing an additional 34,371 shares in the last quarter. Wellington Management Group LLP increased its stake in Teledyne Technologies by 1.8% during the 4th quarter. Wellington Management Group LLP now owns 5,664 shares of the scientific and technical instruments company’s stock valued at $2,528,000 after purchasing an additional 99 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Teledyne Technologies by 70.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 2,740 shares of the scientific and technical instruments company’s stock valued at $1,223,000 after purchasing an additional 1,131 shares in the last quarter. HighPoint Advisor Group LLC bought a new stake in Teledyne Technologies during the 4th quarter valued at $261,000. Finally, Nomura Holdings Inc. bought a new stake in Teledyne Technologies during the 4th quarter valued at $425,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $445.52 on Thursday. The company’s 50-day moving average is $429.48 and its 200 day moving average is $408.64. 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 company has a market capitalization of $20.84 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 3.18 and a beta of 1.01. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $458.15.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. The company had revenue of $1.37 billion for 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 firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.67 EPS. On average, equities research analysts forecast that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TDY. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Vertical Research began coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective on the stock. Finally, StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average 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.