Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Grandfield & Dodd LLC

Grandfield & Dodd LLC grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,776 shares of the scientific and technical instruments company’s stock after purchasing an additional 882 shares during the quarter. Grandfield & Dodd LLC owned approximately 0.07% of Teledyne Technologies worth $13,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new position in shares of Teledyne Technologies during the fourth quarter worth approximately $28,000. Kapitalo Investimentos Ltda purchased a new position in shares of Teledyne Technologies during the fourth quarter worth approximately $29,000. CVA Family Office LLC purchased a new position in shares of Teledyne Technologies during the fourth quarter worth approximately $31,000. NBC Securities Inc. grew its position 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 acquiring an additional 42 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new position in shares of Teledyne Technologies during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Ratings Changes

TDY has been the topic of a number of research reports. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Needham & Company LLC lowered their price objective on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. TD Cowen lowered their price objective on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Bank of America lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $490.00 to $400.00 in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $470.83.

Teledyne Technologies Price Performance

Shares of NYSE TDY traded up $5.41 during trading on Thursday, hitting $394.11. 291,223 shares of the company were exchanged, compared to its average volume of 245,792. The company has a market cap of $18.67 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 2.70 and a beta of 1.00. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $448.19. The firm’s fifty day moving average price is $392.30 and its 200 day moving average price is $411.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing the consensus estimate of $4.63 by ($0.08). The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. Teledyne Technologies’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.53 earnings per share. On average, sell-side analysts expect that Teledyne Technologies Incorporated will post 19.34 earnings per share 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.