One Wealth Management Investment & Advisory Services LLC Raises Position in Teledyne Technologies Incorporated (NYSE:TDY)

One Wealth Management Investment & Advisory Services LLC grew its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 521 shares of the scientific and technical instruments company’s stock after purchasing an additional 42 shares during the quarter. One Wealth Management Investment & Advisory Services LLC’s holdings in Teledyne Technologies were worth $202,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. American National Bank purchased a new position in Teledyne Technologies in the second quarter valued at about $28,000. Innealta Capital LLC purchased a new position in Teledyne Technologies in the second quarter valued at approximately $28,000. Kapitalo Investimentos Ltda bought a new position in Teledyne Technologies during the fourth quarter valued at $29,000. Tortoise Investment Management LLC increased its position in Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 24 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of 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 during the period. 91.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Vertical Research initiated coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $471.17.

Teledyne Technologies Price Performance

Shares of TDY stock traded down $8.70 on Friday, hitting $421.77. 235,148 shares of the stock traded hands, compared to its average volume of 153,797. The firm has a 50 day simple moving average of $408.48 and a two-hundred day simple moving average of $406.48. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $448.19. The firm has a market cap of $19.73 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 3.02 and a beta of 1.02. 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 earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company earned $4.67 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities research analysts predict that Teledyne Technologies Incorporated will post 19.4 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.