Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Palisade Capital Management LLC NJ

Palisade Capital Management LLC NJ boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) by 24.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 22,622 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,377 shares during the quarter. Palisade Capital Management LLC NJ’s holdings in Teledyne Technologies were worth $10,692,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TDY. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Teledyne Technologies during the 1st quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Teledyne Technologies by 119.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 114 shares of the scientific and technical instruments company’s stock valued at $49,000 after buying an additional 62 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Teledyne Technologies during the 4th quarter valued at about $63,000. MUFG Americas Holdings Corp raised its stake in shares of Teledyne Technologies by 133.8% during the 4th quarter. MUFG Americas Holdings Corp now owns 152 shares of the scientific and technical instruments company’s stock valued at $66,000 after buying an additional 87 shares during the last quarter. Finally, Okabena Investment Services Inc. purchased a new position in shares of Teledyne Technologies during the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 87.61% of the company’s stock.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $398.99 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.46. Teledyne Technologies Incorporated has a twelve month low of $344.66 and a twelve month high of $493.97. The business has a 50-day moving average price of $384.66 and a 200 day moving average price of $416.56. The firm has a market cap of $18.70 billion, a PE ratio of 28.00, a P/E/G ratio of 2.23 and a beta of 1.06.

Teledyne Technologies (NYSE:TDY – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The scientific and technical instruments company reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.38 by $0.05. Teledyne Technologies had a return on equity of 10.93% and a net margin of 12.67%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm posted $4.61 EPS. Teledyne Technologies’s revenue was up 20.9% compared to the same quarter last year. Sell-side analysts predict that Teledyne Technologies Incorporated will post 17.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TDY shares. TheStreet lowered Teledyne Technologies from a “b” rating to a “c+” rating in a research note on Friday, June 10th. Needham & Company LLC cut their price target on Teledyne Technologies from $520.00 to $472.00 and set a “buy” rating for the company in a research note on Thursday, July 28th.

Teledyne Technologies Profile

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Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.