Bokf Na Has $1.55 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

Bokf Na trimmed its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,653 shares of the scientific and technical instruments company’s stock after selling 33 shares during the quarter. Bokf Na’s holdings in Teledyne Technologies were worth $1,552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new stake in Teledyne Technologies during the 4th quarter worth approximately $29,000. NBC Securities Inc. grew its stake in shares of Teledyne Technologies by 89.4% in the first quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock worth $38,000 after purchasing an additional 42 shares during the last quarter. Creekmur Asset Management LLC acquired a new stake in Teledyne Technologies in the fourth quarter valued at $45,000. Covestor Ltd raised its position in Teledyne Technologies by 131.9% during the 1st quarter. Covestor Ltd now owns 109 shares of the scientific and technical instruments company’s stock worth $47,000 after purchasing an additional 62 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC raised its position in Teledyne Technologies by 63.2% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock worth $49,000 after purchasing an additional 43 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TDY shares. Vertical Research started coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. Needham & Company LLC raised their price target on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen dropped their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Bank of America cut shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $490.00 to $400.00 in a research report on Friday, April 26th. Finally, StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $474.57.

Teledyne Technologies Stock Up 1.4 %

Shares of Teledyne Technologies stock traded up $5.86 during trading on Friday, reaching $421.56. 335,622 shares of the company traded hands, compared to its average volume of 287,438. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.29. The firm has a market capitalization of $19.97 billion, a PE ratio of 22.80, a P/E/G ratio of 2.97 and a beta of 1.00. The company has a 50 day moving average price of $394.20 and a 200-day moving average price of $408.95. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $448.19.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.09. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business earned $4.67 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities research analysts expect that Teledyne Technologies Incorporated will post 19.34 earnings per share for the current fiscal year.

About Teledyne Technologies

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.