Teledyne Technologies Incorporated $TDY Stock: Keybank National Association OH Grows Stake

Keybank National Association OH raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,546 shares of the scientific and technical instruments company’s stock after buying an additional 1,654 shares during the quarter. Keybank National Association OH’s holdings in Teledyne Technologies were worth $57,371,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TDY. Meeder Asset Management Inc. acquired a new stake in shares of Teledyne Technologies during the first quarter worth $27,000. Elevation Wealth Partners LLC grew its stake in shares of Teledyne Technologies by 1,025.0% in the third quarter. Elevation Wealth Partners LLC now owns 45 shares of the scientific and technical instruments company’s stock valued at $27,000 after acquiring an additional 41 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of Teledyne Technologies in the second quarter valued at about $28,000. Trust Co. of Vermont bought a new position in Teledyne Technologies during the second quarter worth about $28,000. Finally, Pension & Wealth Management Advisors Inc. bought a new position in Teledyne Technologies during the third quarter worth about $28,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 0.5%

TDY stock opened at $646.24 on Wednesday. Teledyne Technologies Incorporated has a 52 week low of $483.02 and a 52 week high of $697.67. The business has a 50-day simple moving average of $619.66 and a 200 day simple moving average of $634.95. The company has a quick ratio of 1.51, a current ratio of 2.31 and a debt-to-equity ratio of 0.18. The company has a market cap of $29.75 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.37 and a beta of 0.89.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.17 by $0.55. Teledyne Technologies had a net margin of 15.75% and a return on equity of 10.89%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company posted $5.57 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts anticipate that Teledyne Technologies Incorporated will post 25.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on TDY shares. Zacks Research cut shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $760.00 to $775.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Barclays raised their target price on shares of Teledyne Technologies from $640.00 to $646.00 and gave the stock an “equal weight” rating in a report on Monday, October 26th. Stifel Nicolaus lifted their price target on shares of Teledyne Technologies from $775.00 to $795.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Finally, Morgan Stanley boosted their price target on Teledyne Technologies from $715.00 to $725.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $731.83.

Teledyne Technologies Company Profile

Teledyne Technologies is an industrial technology company that develops and manufactures instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. Its products and services support applications including environmental monitoring, marine research, scientific imaging, and industrial inspection. The company’s businesses include sensors and monitoring instruments, cameras and imaging systems, electronic components, and specialized engineering and manufacturing services.