Newfound Research LLC Invests $77,000 in Teledyne Technologies Incorporated (NYSE:TDY)

Newfound Research LLC bought a new position in Teledyne Technologies Incorporated (NYSE:TDYGet Rating) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 205 shares of the scientific and technical instruments company’s stock, valued at approximately $77,000.

A number of other large investors have also recently made changes to their positions in the business. IFM Investors Pty Ltd increased its holdings in shares of Teledyne Technologies by 19.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 8,195 shares of the scientific and technical instruments company’s stock worth $3,074,000 after buying an additional 1,330 shares during the last quarter. Steph & Co. increased its holdings in shares of Teledyne Technologies by 21.5% in the 2nd quarter. Steph & Co. now owns 475 shares of the scientific and technical instruments company’s stock worth $178,000 after buying an additional 84 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Teledyne Technologies by 20.9% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 643 shares of the scientific and technical instruments company’s stock worth $241,000 after buying an additional 111 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Teledyne Technologies in the 2nd quarter worth about $350,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Teledyne Technologies by 17.5% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,335 shares of the scientific and technical instruments company’s stock valued at $1,251,000 after purchasing an additional 497 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Needham & Company LLC cut their price target on shares of Teledyne Technologies from $520.00 to $472.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. TheStreet upgraded shares of Teledyne Technologies from a “c+” rating to a “b-” rating in a report on Friday, August 5th. Finally, Morgan Stanley cut their price target on shares of Teledyne Technologies from $470.00 to $445.00 and set an “underweight” rating on the stock in a report on Tuesday, August 16th.

Teledyne Technologies Trading Down 3.2 %

Teledyne Technologies stock traded down $11.70 during trading hours on Friday, hitting $348.64. The company had a trading volume of 5,235 shares, compared to its average volume of 209,361. The firm has a market cap of $16.34 billion, a P/E ratio of 25.29, a P/E/G ratio of 2.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.67. Teledyne Technologies Incorporated has a 1 year low of $344.66 and a 1 year high of $493.97. The company has a 50-day moving average price of $386.08 and a two-hundred day moving average price of $407.31.

Teledyne Technologies (NYSE:TDYGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The scientific and technical instruments company reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.38 by $0.05. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a net margin of 12.67% and a return on equity of 10.93%. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.61 EPS. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 17.61 earnings per share for the current year.

Teledyne Technologies Profile

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Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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