SteelPeak Wealth LLC Buys 1,143 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

SteelPeak Wealth LLC grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 212.1% in the first quarter, Holdings Channel reports. The fund owned 1,682 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,143 shares during the quarter. SteelPeak Wealth LLC’s holdings in Teledyne Technologies were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of TDY. Bruce G. Allen Investments LLC bought a new position in Teledyne Technologies in the 4th quarter worth approximately $28,000. Kapitalo Investimentos Ltda bought a new position in Teledyne Technologies in the 4th quarter worth approximately $29,000. CVA Family Office LLC bought a new position in Teledyne Technologies in the 4th quarter valued at $31,000. NBC Securities Inc. boosted its holdings in Teledyne Technologies by 89.4% in the 1st quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock valued at $38,000 after purchasing an additional 42 shares during the period. Finally, Anchor Investment Management LLC bought a new position in Teledyne Technologies in the 4th quarter valued at $45,000. 91.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock traded up $1.57 on Friday, hitting $387.98. 406,051 shares of the company traded hands, compared to its average volume of 261,744. The firm’s 50-day simple moving average is $392.05 and its 200 day simple moving average is $414.37. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.28. The company has a market cap of $18.38 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.73 and a beta of 1.04. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19.

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