Whittier Trust Co. Boosts Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Whittier Trust Co. increased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,306 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,192 shares during the quarter. Whittier Trust Co. owned about 0.07% of Teledyne Technologies worth $14,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of Teledyne Technologies by 1.8% in the fourth quarter. Wellington Management Group LLP now owns 5,664 shares of the scientific and technical instruments company’s stock worth $2,528,000 after purchasing an additional 99 shares during the period. NBC Securities Inc. grew its holdings in shares of Teledyne Technologies by 89.4% during the first quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock worth $38,000 after purchasing an additional 42 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Teledyne Technologies by 9.5% in the first quarter. Park Avenue Securities LLC now owns 2,182 shares of the scientific and technical instruments company’s stock worth $937,000 after purchasing an additional 189 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in Teledyne Technologies during the first quarter valued at approximately $303,000. Finally, Cardinal Capital Management raised its position in shares of Teledyne Technologies by 13.0% during the 1st quarter. Cardinal Capital Management now owns 6,942 shares of the scientific and technical instruments company’s stock valued at $2,980,000 after buying an additional 797 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TDY shares. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Needham & Company LLC upped their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Vertical Research initiated coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $450.50.

Teledyne Technologies Trading Down 0.4 %

Shares of NYSE TDY traded down $1.96 during mid-day trading on Monday, reaching $448.10. The company had a trading volume of 120,037 shares, compared to its average volume of 238,884. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $458.15. The business’s 50-day moving average is $431.07 and its 200-day moving average is $408.92. The stock has a market cap of $20.96 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.16 and a beta of 1.01. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.09. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the company posted $4.67 earnings per share. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. Equities analysts expect that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current year.

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.