Covea Finance Raises Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Covea Finance grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,100 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,000 shares during the period. Covea Finance’s holdings in Teledyne Technologies were worth $7,484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nvest Financial LLC grew its position in Teledyne Technologies by 4.4% in the third quarter. Nvest Financial LLC now owns 1,296 shares of the scientific and technical instruments company’s stock worth $567,000 after acquiring an additional 55 shares in the last quarter. LVW Advisors LLC grew its position in Teledyne Technologies by 12.0% in the third quarter. LVW Advisors LLC now owns 1,381 shares of the scientific and technical instruments company’s stock worth $604,000 after acquiring an additional 148 shares in the last quarter. Mather Group LLC. grew its position in Teledyne Technologies by 16.1% in the third quarter. Mather Group LLC. now owns 289 shares of the scientific and technical instruments company’s stock worth $126,000 after acquiring an additional 40 shares in the last quarter. Fulton Bank N.A. grew its position in Teledyne Technologies by 3.9% in the third quarter. Fulton Bank N.A. now owns 1,232 shares of the scientific and technical instruments company’s stock worth $539,000 after acquiring an additional 46 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Teledyne Technologies by 42.3% in the third quarter. GAMMA Investing LLC now owns 589 shares of the scientific and technical instruments company’s stock worth $258,000 after acquiring an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Trading Up 1.7 %

Shares of NYSE:TDY traded up $7.48 during trading hours on Friday, hitting $454.08. 271,427 shares of the company’s stock traded hands, compared to its average volume of 239,174. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $455.69. The business has a fifty day moving average price of $425.81 and a 200-day moving average price of $408.09. The firm has a market capitalization of $21.51 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 3.12 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results 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 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 the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm posted $4.67 earnings per share. The company’s 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.

Analyst Ratings Changes

Several research analysts recently commented on the company. Vertical Research assumed coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. Needham & Company LLC boosted their target price 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, StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.