Mariner LLC raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 1.6% in the 4th quarter, HoldingsChannel reports. The firm owned 314,376 shares of the scientific and technical instruments company’s stock after buying an additional 4,820 shares during the period. Mariner LLC’s holdings in Teledyne Technologies were worth $160,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fieldview Capital Management LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth about $203,000. Arax Advisory Partners acquired a new position in Teledyne Technologies in the 4th quarter valued at about $302,000. Brown Advisory Inc. grew its stake in Teledyne Technologies by 2.0% in the 4th quarter. Brown Advisory Inc. now owns 46,063 shares of the scientific and technical instruments company’s stock valued at $23,526,000 after buying an additional 911 shares during the last quarter. Aigen Investment Management LP bought a new position in Teledyne Technologies in the 4th quarter valued at about $1,237,000. Finally, Marshall Wace LLP lifted its position in Teledyne Technologies by 27.7% during the fourth quarter. Marshall Wace LLP now owns 151,333 shares of the scientific and technical instruments company’s stock worth $77,290,000 after acquiring an additional 32,867 shares during the last quarter. 91.58% of the stock is owned by institutional investors.
Teledyne Technologies Stock Performance
NYSE TDY opened at $625.28 on Monday. The firm’s 50 day simple moving average is $630.60 and its 200 day simple moving average is $603.89. The firm has a market capitalization of $28.97 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 3.00 and a beta of 0.94. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 1 year low of $483.02 and a 1 year high of $693.38.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Teledyne Technologies from $620.00 to $680.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Jefferies Financial Group upgraded Teledyne Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Weiss Ratings restated a “buy (b)” rating on shares of Teledyne Technologies in a research note on Friday, May 22nd. Needham & Company LLC upped their price objective on Teledyne Technologies from $700.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Barclays lifted their target price on Teledyne Technologies from $603.00 to $614.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $693.71.
Read Our Latest Analysis on TDY
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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