Empirical Finance LLC Increases Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Empirical Finance LLC grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,584 shares of the scientific and technical instruments company’s stock after acquiring an additional 57 shares during the period. Empirical Finance LLC’s holdings in Teledyne Technologies were worth $680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norden Group LLC boosted its stake in shares of Teledyne Technologies by 1.2% in the 4th quarter. Norden Group LLC now owns 2,149 shares of the scientific and technical instruments company’s stock worth $959,000 after buying an additional 25 shares during the last quarter. Weik Capital Management boosted its stake in shares of Teledyne Technologies by 0.5% in the 4th quarter. Weik Capital Management now owns 5,390 shares of the scientific and technical instruments company’s stock worth $2,406,000 after buying an additional 25 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Teledyne Technologies by 23.1% in the 4th quarter. Van ECK Associates Corp now owns 181 shares of the scientific and technical instruments company’s stock worth $81,000 after buying an additional 34 shares during the last quarter. Czech National Bank boosted its stake in shares of Teledyne Technologies by 0.4% in the 4th quarter. Czech National Bank now owns 8,264 shares of the scientific and technical instruments company’s stock worth $3,688,000 after buying an additional 36 shares during the last quarter. Finally, First National Trust Co boosted its stake in shares of Teledyne Technologies by 0.4% in the 1st quarter. First National Trust Co now owns 11,011 shares of the scientific and technical instruments company’s stock worth $4,727,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

NYSE TDY opened at $393.93 on Friday. The company has a market capitalization of $18.66 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81. The business’s fifty day moving average is $392.47 and its 200 day moving average is $411.67. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $448.19.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. Teledyne Technologies’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.53 earnings per share. Sell-side analysts predict that Teledyne Technologies Incorporated will post 19.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About Teledyne Technologies

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.