Pure Financial Advisors LLC Takes Position in Teledyne Technologies Incorporated (NYSE: TDY)


Pure Financial Advisors LLC purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE: TDY – Get Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 432 shares of the scientific and technical instruments company’s stock, valued at approximately $ 204,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TDY. Moors & Cabot Inc. bought a new stake in shares of Teledyne Technologies during the third quarter valued at approximately $ 25,000. Northwestern Mutual Wealth Management Co. boosted its stake 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 of the company’s stock valued at $ 49,000 after acquiring an additional 62 shares during the last quarter. National Bank of Canada FI bought a new position in Teledyne Technologies in the fourth quarter valued at approximately $ 63,000. MUFG Americas Holdings Corp boosted 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 of the company’s stock valued at $ 66,000 after acquiring an additional 87 shares during the last quarter. Finally, Okabena Investment Services Inc. bought a new position in Teledyne Technologies in the fourth quarter valued at approximately $ 80,000. 87.61% of the stock is currently owned by institutional investors and hedge funds.

TDY opened at $ 363.44 on Thursday. The firm’s fifty day moving average is $ 412.86 and its two-hundred day moving average is $ 426.73. 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 firm has a market cap of $ 17.02 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10. Teledyne Technologies Incorporated has a twelve month low of $ 344.66 and a twelve month high of $ 493.97.

Teledyne Technologies (NYSE: TDY – Get Rating) last posted its earnings results on Wednesday, April 27th. The scientific and technical instruments company reported $ 4.27 earnings per share for the quarter, topping the consensus estimate of $ 4.09 by $ 0.18. The company had revenue of $ 1.32 billion for the quarter, compared to analyst estimates of $ 1.33 billion. Teledyne Technologies had a net margin of 11.17% and a return on equity of 10.99%. The business’s revenue for the quarter was up 64.0% compared to the same quarter last year. During the same period last year, the business posted $ 3.02 earnings per share. Equities analysts forecast that Teledyne Technologies Incorporated will post 17.98 EPS for the current fiscal year.

A number of equities analysts have issued reports on TDY shares. StockNews.com started coverage on shares of Teledyne Technologies in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet cut shares of Teledyne Technologies from a “b” rating to a “c +” rating in a research note on Friday, June 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Teledyne Technologies presently has an average rating of “Hold” and an average target price of $ 505.00.

About Teledyne Technologies (Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE: TDY – Get Rating).

Institutional Ownership by Quarter for Teledyne Technologies (NYSE: TDY)



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