Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lifted its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 2.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,826 shares of the scientific and technical instruments company’s stock after buying an additional 381 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Teledyne Technologies were worth $8,239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC purchased a new stake in Teledyne Technologies in the 3rd quarter worth approximately $27,000. American National Bank purchased a new stake in Teledyne Technologies during the second quarter worth $28,000. Innealta Capital LLC purchased a new stake in Teledyne Technologies during the second quarter worth $28,000. Tortoise Investment Management LLC grew its position in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 24 shares during the period. Finally, Crewe Advisors LLC increased its holdings in Teledyne Technologies by 319.0% in the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 67 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Vertical Research assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price on the stock. TD Cowen increased their price target on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC increased their target price on Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Teledyne Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $474.50.

Teledyne Technologies Trading Up 0.3 %

TDY stock opened at $459.37 on Wednesday. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $475.73. The business’s 50-day moving average is $441.55 and its 200 day moving average is $413.50. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. The stock has a market cap of $21.41 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 3.21 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $5.05 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 19.44 EPS 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.