Aquatic Capital Management LLC Makes New $1.34 Million Investment in Teledyne Technologies Incorporated (NYSE:TDY)

Aquatic Capital Management LLC acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,878 shares of the scientific and technical instruments company's stock, valued at approximately $1,336,000.

A number of other hedge funds have also bought and sold shares of TDY. Hurley Capital LLC bought a new stake in shares of Teledyne Technologies in the fourth quarter worth approximately $33,000. Wilmington Savings Fund Society FSB bought a new stake in Teledyne Technologies in the 3rd quarter worth approximately $39,000. Millstone Evans Group LLC purchased a new stake in Teledyne Technologies during the 4th quarter valued at $42,000. Newbridge Financial Services Group Inc. bought a new position in shares of Teledyne Technologies during the 4th quarter valued at $46,000. Finally, Tortoise Investment Management LLC grew its holdings in shares of Teledyne Technologies by 63.2% in the fourth quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company's stock worth $58,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock traded up $0.13 during trading hours on Monday, hitting $478.96. The company's stock had a trading volume of 46,916 shares, compared to its average volume of 281,780. 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 Incorporated has a 12-month low of $380.63 and a 12-month high of $522.50. The business has a 50 day moving average price of $479.25 and a two-hundred day moving average price of $479.63. The company has a market cap of $22.43 billion, a PE ratio of 27.81, a PEG ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, topping the consensus estimate of $4.92 by $0.03. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $4.55 EPS. Analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. TD Securities restated a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research note on Thursday, April 24th. Bank of America upped their price target on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Needham & Company LLC lowered their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, StockNews.com lowered shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a report on Monday, April 28th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $542.50.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert Mehrabian sold 5,007 shares of Teledyne Technologies stock in a transaction dated 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 sale, the chairman now directly owns 144,553 shares in the company, valued at $73,769,732.49. This trade represents a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,413 shares of company stock valued at $4,846,536. Corporate insiders own 1.50% of the company's stock.

Teledyne Technologies 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.