AQR Capital Management LLC Boosts Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

AQR Capital Management LLC boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 196.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,551 shares of the scientific and technical instruments company's stock after buying an additional 16,939 shares during the quarter. AQR Capital Management LLC owned approximately 0.05% of Teledyne Technologies worth $11,859,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of Teledyne Technologies during the 4th quarter worth approximately $28,000. Hurley Capital LLC acquired a new position in Teledyne Technologies during the fourth quarter worth about $33,000. Wilmington Savings Fund Society FSB bought a new position in Teledyne Technologies in the 3rd quarter valued at approximately $39,000. Millstone Evans Group LLC bought a new stake in Teledyne Technologies during the 4th quarter worth $42,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Teledyne Technologies in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TDY. Bank of America increased their price target on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Monday, March 17th. TD Securities reissued a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research note on Thursday, April 24th. StockNews.com downgraded shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Needham & Company LLC reduced their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $542.50.

Insider Activity at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the sale, the insider now directly owns 51,324 shares of the company's stock, valued at $26,691,559.44. This represents a 6.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melanie Susan Cibik sold 706 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the transaction, the executive vice president now owns 26,529 shares of the company's stock, valued at $13,794,018.84. This represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Teledyne Technologies Stock Performance

Shares of TDY stock traded up $2.67 during mid-day trading on Friday, reaching $484.62. 269,175 shares of the company's stock traded hands, compared to its average volume of 257,049. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50. The firm has a market capitalization of $22.71 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 3.14 and a beta of 1.06. The firm has a 50 day moving average price of $477.03 and a two-hundred day moving average price of $480.06. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.92 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company's revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $4.55 EPS. On average, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies Company Profile

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.