Maren Capital LLC boosted its stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 13.8% during the 4th quarter, HoldingsChannel reports. The fund owned 360,595 shares of the scientific and technical instruments company’s stock after acquiring an additional 43,652 shares during the quarter. Teledyne Technologies comprises 9.9% of Maren Capital LLC’s investment portfolio, making the stock its 3rd largest position. Maren Capital LLC’s holdings in Teledyne Technologies were worth $184,167,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDY. Abich Financial Wealth Management LLC acquired a new stake in shares of Teledyne Technologies in the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teledyne Technologies during the fourth quarter worth about $28,000. Board of the Pension Protection Fund bought a new position in shares of Teledyne Technologies during the fourth quarter worth about $41,000. Banque Cantonale Vaudoise bought a new position in shares of Teledyne Technologies during the third quarter worth about $43,000. Finally, AlphaQuest LLC raised its position in 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 buying an additional 77 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.
Teledyne Technologies Trading Down 0.1%
Teledyne Technologies stock opened at $625.28 on Monday. The stock has a 50-day simple moving average of $630.60 and a 200 day simple moving average of $603.89. The stock has a market capitalization of $28.97 billion, a P/E ratio of 31.63, a PEG ratio of 3.00 and a beta of 0.94. 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 52 week low of $483.02 and a 52 week high of $693.38.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Stifel Nicolaus upped their price target on Teledyne Technologies from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Jefferies Financial Group upgraded shares of Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Citigroup boosted their price objective on shares of Teledyne Technologies from $649.00 to $677.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Morgan Stanley increased their target price on shares of Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Finally, Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average target price of $693.71.
Check Out Our Latest Research Report on Teledyne Technologies
Teledyne Technologies Company Profile
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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