Silver Oak Securities Incorporated Makes New $69,000 Investment in Teledyne Technologies Incorporated (NYSE:TDY)

Silver Oak Securities Incorporated acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 139 shares of the scientific and technical instruments company’s stock, valued at approximately $69,000.

Several other large investors have also recently added to or reduced their stakes in TDY. Allworth Financial LP grew its holdings in Teledyne Technologies by 15.1% in the fourth quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock valued at $105,000 after purchasing an additional 27 shares during the period. Principal Financial Group Inc. grew its stake in shares of Teledyne Technologies by 15.2% during the 4th quarter. Principal Financial Group Inc. now owns 64,350 shares of the scientific and technical instruments company’s stock valued at $29,867,000 after buying an additional 8,501 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Teledyne Technologies by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,147 shares of the scientific and technical instruments company’s stock worth $3,317,000 after buying an additional 293 shares during the last quarter. ING Groep NV increased its holdings in shares of Teledyne Technologies by 144.9% during the 4th quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company’s stock worth $2,763,000 after buying an additional 3,522 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its position in shares of Teledyne Technologies by 1.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,130 shares of the scientific and technical instruments company’s stock worth $1,917,000 after buying an additional 59 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on TDY. TD Securities reissued a “buy” rating and set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Bank of America boosted their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Needham & Company LLC cut their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $542.50.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $486.24 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.19 and a quick ratio of 1.44. Teledyne Technologies Incorporated has a 1-year low of $380.63 and a 1-year high of $522.50. The company has a market capitalization of $22.79 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.31 and a beta of 1.04. The business has a 50-day moving average of $482.86 and a 200-day moving average of $484.38.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company posted $4.55 EPS. Teledyne Technologies’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.