CAPROCK Group Inc. invests $237,000 in Teledyne Technologies Incorporated (NYSE: TDY)
CAPROCK Group Inc. bought a new position in Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) in the first quarter, HoldingsChannel.com reports. The company bought 502 shares of the scientific and technical instruments company, valued at around $237,000.
Other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Moors & Cabot Inc. acquired a new position in Teledyne Technologies in Q3 worth approximately $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in Teledyne Technologies by 119.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 114 shares of the scientific and technical instruments company worth $49,000 after acquiring 62 additional shares during the period. National Bank of Canada FI bought a new position in Teledyne Technologies in Q4 worth approximately $63,000. MUFG Americas Holdings Corp increased its stake in Teledyne Technologies by 133.8% in the fourth quarter. MUFG Americas Holdings Corp now owns 152 shares of the scientific and technical instruments company worth $66,000 after acquiring 87 additional shares during the period. Finally, Okabena Investment Services Inc. bought a new position in Teledyne Technologies in Q4 worth around $80,000. Hedge funds and other institutional investors own 87.61% of the company’s shares.
TDY stock opened at $378.02 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt ratio of 0.49. The company has a market capitalization of $17.71 billion, a P/E ratio of 31.14, a P/E/G ratio of 2.01 and a beta of 1.10. Teledyne Technologies Incorporated has a 12-month low of $344.66 and a 12-month high of $493.97. The stock’s 50-day simple moving average is $406.18 and its 200-day simple moving average is $425.50.
Teledyne Technologies (NYSE:TDY – Get Rating) last released its quarterly results on Wednesday, April 27. The scientific and technical instruments company reported earnings per share (EPS) of $4.27 for the quarter, beating the consensus estimate of $4.09 by $0.18. The company posted revenue of $1.32 billion for the quarter, compared to analysts’ estimates of $1.33 billion. Teledyne Technologies had a return on equity of 10.99% and a net margin of 11.17%. The company’s revenues increased by 64.0% compared to the same quarter last year. During the same period a year earlier, the company posted EPS of $3.02. On average, research analysts expect Teledyne Technologies Incorporated to post an EPS of 17.98 for the current fiscal year.
A number of stock analysts have released reports on TDY shares. TheStreet downgraded Teledyne Technologies from a “b” rating to a “c+” rating in a Friday, June 10 research report. StockNews.com began covering Teledyne Technologies in a research report on Thursday, March 31. They issued a “holding” rating on the stock. One analyst rated the security with a sell rating, one assigned a hold rating and two assigned a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $505.00.
Teledyne Technologies Company Profile (Get a rating)
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, United Kingdom, Belgium, 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 communication connectivity devices for distributed instrumentation systems and sensor networks.
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