Meeder Asset Management Inc. Acquires New Stake in Teledyne Technologies Incorporated (NYSE:TDY) – Defense World
Posted by admin on Aug 21st, 2022 
Meeder Asset Management Inc. acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 306 shares of the scientific and technical instruments company’s stock, valued at approximately $145,000.
A number of other institutional investors and hedge funds have also bought and sold shares of TDY. Jackson Grant Investment Advisers Inc. acquired a new stake in Teledyne Technologies in the first quarter valued at $35,000. Northwestern Mutual Wealth Management Co. boosted its position in Teledyne Technologies by 119.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 114 shares of the scientific and technical instruments company’s stock valued at $49,000 after acquiring an additional 62 shares during the last quarter. MUFG Americas Holdings Corp boosted its position in Teledyne Technologies by 133.8% during the fourth quarter. MUFG Americas Holdings Corp now owns 152 shares of the scientific and technical instruments company’s stock valued at $66,000 after acquiring an additional 87 shares during the last quarter. Okabena Investment Services Inc. bought a new stake in Teledyne Technologies during the fourth quarter valued at $80,000. Finally, Capital Advisors Ltd. LLC boosted its position in Teledyne Technologies by 214.3% during the first quarter. Capital Advisors Ltd. LLC now owns 176 shares of the scientific and technical instruments company’s stock valued at $83,000 after acquiring an additional 120 shares during the last quarter. 87.61% of the stock is currently owned by institutional investors and hedge funds.
TDY has been the topic of a number of research analyst reports. Morgan Stanley cut their price target on shares of Teledyne Technologies from $470.00 to $445.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 16th. TheStreet raised shares of Teledyne Technologies from a “c+” rating to a “b-” rating in a research report on Friday, August 5th. Finally, Needham & Company LLC cut their price target on shares of Teledyne Technologies from $520.00 to $472.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th.
TDY stock opened at $397.11 on Friday. The stock has a market capitalization of $18.61 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 2.66 and a beta of 1.06. The company’s 50-day moving average is $383.92 and its 200-day moving average is $415.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.67 and a quick ratio of 1.08. Teledyne Technologies Incorporated has a 1 year low of $344.66 and a 1 year high of $493.97.
Teledyne Technologies (NYSE:TDY – Get Rating) last released 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 analysts’ consensus estimates of $4.38 by $0.05. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a net margin of 12.67% and a return on equity of 10.93%. The business’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.61 EPS. Equities research analysts expect that Teledyne Technologies Incorporated will post 17.61 EPS for the current fiscal year.
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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.
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