Alyeska Investment Group L.P. Grows Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Alyeska Investment Group L.P. increased its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 19,605.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 365,133 shares of the scientific and technical instruments company's stock after acquiring an additional 363,280 shares during the period. Teledyne Technologies comprises 0.6% of Alyeska Investment Group L.P.'s holdings, making the stock its 28th largest position. Alyeska Investment Group L.P. owned approximately 0.78% of Teledyne Technologies worth $169,469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TDY. Quarry LP purchased a new stake in shares of Teledyne Technologies during the 4th quarter worth about $28,000. Hurley Capital LLC purchased a new position in Teledyne Technologies during the fourth quarter worth approximately $33,000. Ancora Advisors LLC grew its holdings in Teledyne Technologies by 192.3% in the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 50 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Teledyne Technologies in the third quarter valued at approximately $39,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Teledyne Technologies during the 4th quarter worth approximately $42,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

TDY traded down $0.50 during trading on Monday, reaching $478.34. The company's stock had a trading volume of 316,673 shares, compared to its average volume of 255,489. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $478.80 and a two-hundred day simple moving average of $479.82. The company has a market cap of $22.41 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 3.14 and a beta of 1.06. Teledyne Technologies Incorporated has a 1 year low of $380.63 and a 1 year high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, topping analysts' consensus estimates of $4.92 by $0.03. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.55 earnings per share. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Wall Street Analysts Forecast Growth

TDY has been the subject of several recent analyst reports. StockNews.com lowered shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Bank of America boosted their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. TD Securities reiterated a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a report on Thursday, April 24th. Finally, Needham & Company LLC cut their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $542.50.

Insider Activity at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 5,007 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $510.33, for a total value of $2,555,222.31. Following the completion of the transaction, the chairman now directly owns 144,553 shares in the company, valued at approximately $73,769,732.49. This represents a 3.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Melanie Susan Cibik sold 706 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the sale, the executive vice president now directly owns 26,529 shares of the company's stock, valued at approximately $13,794,018.84. This trade represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,413 shares of company stock valued at $4,846,536. 1.50% of the stock is owned by company insiders.

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.