Signaturefd LLC Purchases 108 Shares of Teledyne Technologies Incorporated (NYSE:TDY) – Defense World
Posted by admin on Jul 24th, 2022 
Signaturefd LLC lifted its position in Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) by 19.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 651 shares of the scientific and technical instruments company’s stock after buying an additional 108 shares during the period. Signaturefd LLC’s holdings in Teledyne Technologies were worth $308,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pictet Asset Management SA raised its holdings in Teledyne Technologies by 2.0% in the fourth quarter. Pictet Asset Management SA now owns 22,690 shares of the scientific and technical instruments company’s stock worth $9,913,000 after purchasing an additional 440 shares in the last quarter. Greenleaf Trust raised its holdings in Teledyne Technologies by 10.2% in the first quarter. Greenleaf Trust now owns 732 shares of the scientific and technical instruments company’s stock worth $346,000 after purchasing an additional 68 shares in the last quarter. Defender Capital LLC. raised its holdings in Teledyne Technologies by 130.6% in the first quarter. Defender Capital LLC. now owns 28,480 shares of the scientific and technical instruments company’s stock worth $13,393,000 after purchasing an additional 16,129 shares in the last quarter. Norges Bank bought a new position in Teledyne Technologies in the fourth quarter worth about $174,390,000. Finally, Grandfield & Dodd LLC raised its holdings in Teledyne Technologies by 5.9% in the first quarter. Grandfield & Dodd LLC now owns 20,890 shares of the scientific and technical instruments company’s stock worth $9,870,000 after purchasing an additional 1,165 shares in the last quarter. 87.61% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on TDY shares. TheStreet downgraded shares of Teledyne Technologies from a “b” rating to a “c+” rating in a report on Friday, June 10th. StockNews.com began coverage on Teledyne Technologies in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $505.00.
Shares of TDY stock opened at $400.93 on Friday. Teledyne Technologies Incorporated has a fifty-two week low of $344.66 and a fifty-two week high of $493.97. The firm has a market capitalization of $18.78 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.66. The stock’s 50-day simple moving average is $384.67 and its 200-day simple moving average is $418.60.
Teledyne Technologies (NYSE:TDY – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The scientific and technical instruments company reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.09 by $0.18. The business had revenue of $1.32 billion for the quarter, compared to analyst 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 revenue was up 64.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.02 earnings per share. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 17.98 earnings per share 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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