Elwood & Goetz Wealth Advisory Group LLC Buys Shares of 469 Teledyne Technologies Incorporated (NYSE:TDY)

Elwood & Goetz Wealth Advisory Group LLC acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 469 shares of the scientific and technical instruments company’s stock, valued at approximately $205,000.

Other hedge funds also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Teledyne Technologies by 17.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock worth $480,355,000 after purchasing an additional 186,849 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Teledyne Technologies by 235.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock valued at $48,593,000 after acquiring an additional 87,925 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Teledyne Technologies by 44,457.2% during the 3rd quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company’s stock worth $32,372,000 after acquiring an additional 73,799 shares during the period. Maren Capital LLC boosted its position in shares of Teledyne Technologies by 37.2% in the first quarter. Maren Capital LLC now owns 254,245 shares of the scientific and technical instruments company’s stock worth $109,152,000 after acquiring an additional 68,940 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Teledyne Technologies by 88.4% in the second quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company’s stock valued at $49,565,000 after purchasing an additional 59,942 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Trading Down 0.8 %

NYSE TDY opened at $469.19 on Friday. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $475.73. The stock has a market cap of $21.95 billion, a P/E ratio of 25.51, a PEG ratio of 3.11 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. The company’s fifty day simple moving average is $435.99 and its 200-day simple moving average is $410.56.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm posted $5.05 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts predict that Teledyne Technologies Incorporated will post 19.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Vertical Research started coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price objective for the company. TD Cowen boosted their target price on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $482.00 to $528.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $474.50.

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.