National Pension Service boosted its stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,830 shares of the scientific and technical instruments company’s stock after buying an additional 6,598 shares during the period. National Pension Service’s holdings in Teledyne Technologies were worth $42,814,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of TDY. Abich Financial Wealth Management LLC acquired a new position in shares of Teledyne Technologies during the third quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at $28,000. Board of the Pension Protection Fund acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at $41,000. Banque Cantonale Vaudoise acquired a new position in shares of Teledyne Technologies in the 3rd quarter valued at $43,000. Finally, AlphaQuest LLC boosted its position in shares of Teledyne Technologies by 7,700.0% in the 3rd quarter. AlphaQuest LLC now owns 78 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 77 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.
Teledyne Technologies Stock Up 0.1%
Shares of TDY stock opened at $620.34 on Monday. The stock’s 50 day simple moving average is $630.36 and its 200 day simple moving average is $595.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.16 and a current ratio of 1.76. Teledyne Technologies Incorporated has a twelve month low of $483.02 and a twelve month high of $693.38. The company has a market capitalization of $28.74 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 2.97 and a beta of 0.94.
Wall Street Analyst Weigh In
TDY has been the subject of a number of recent analyst reports. Citigroup increased their price target on Teledyne Technologies from $649.00 to $677.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Stifel Nicolaus increased their price objective on Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Needham & Company LLC increased their price objective on Teledyne Technologies from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Morgan Stanley increased their price objective on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $693.71.
Get Our Latest Stock Report on TDY
About Teledyne Technologies
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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