Teledyne Technologies Incorporated (NYSE:TDY) Position Raised by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 7.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 888 shares of the scientific and technical instruments company’s stock after acquiring an additional 63 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Teledyne Technologies were worth $390,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Swedbank AB raised its holdings in shares of Teledyne Technologies by 0.6% during the third quarter. Swedbank AB now owns 16,296 shares of the scientific and technical instruments company’s stock valued at $7,132,000 after buying an additional 100 shares during the last quarter. Creative Planning increased its position in Teledyne Technologies by 13.3% in the 3rd quarter. Creative Planning now owns 4,184 shares of the scientific and technical instruments company’s stock valued at $1,831,000 after acquiring an additional 492 shares during the period. Procyon Advisors LLC raised its stake in Teledyne Technologies by 34.2% during the 3rd quarter. Procyon Advisors LLC now owns 974 shares of the scientific and technical instruments company’s stock valued at $426,000 after acquiring an additional 248 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Teledyne Technologies by 432.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock worth $58,000 after acquiring an additional 108 shares during the period. Finally, Covea Finance grew its stake in shares of Teledyne Technologies by 6.2% in the third quarter. Covea Finance now owns 17,100 shares of the scientific and technical instruments company’s stock worth $7,484,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

NYSE TDY traded down $3.36 on Tuesday, reaching $450.48. The company’s stock had a trading volume of 303,733 shares, compared to its average volume of 239,128. The firm’s 50 day moving average is $427.77 and its two-hundred day moving average is $408.23. The stock has a market cap of $21.34 billion, a PE ratio of 24.67, a PEG ratio of 3.13 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $458.15.

Teledyne Technologies (NYSE:TDY) last issued its 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. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm posted $4.67 earnings per share. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 19.43 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Needham & Company LLC upped 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 research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. Finally, StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average 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.