Castlekeep Investment Advisors LLC Invests $2.80 Million in Teledyne Technologies Incorporated (NYSE:TDY)

Castlekeep Investment Advisors LLC bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,034 shares of the scientific and technical instruments company's stock, valued at approximately $2,801,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Teledyne Technologies during the fourth quarter worth $28,000. Hurley Capital LLC acquired a new stake in Teledyne Technologies during the fourth quarter worth approximately $33,000. Ancora Advisors LLC increased 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 worth $35,000 after purchasing an additional 50 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Teledyne Technologies in the fourth quarter valued at approximately $42,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Teledyne Technologies during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Stock Up 0.1%

Shares of NYSE TDY traded up $0.51 during mid-day trading on Thursday, reaching $496.75. 203,630 shares of the company's stock traded hands, compared to its average volume of 261,283. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The business has a 50-day simple moving average of $477.03 and a 200 day simple moving average of $482.57. The stock has a market cap of $23.28 billion, a P/E ratio of 28.82, 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 issued its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping analysts' consensus estimates of $4.92 by $0.03. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company posted $4.55 EPS. The company's revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of research reports. TD Securities reiterated a "buy" rating and set a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Bank of America increased their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Finally, Needham & Company LLC reduced their target price 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. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies currently has a consensus rating of "Buy" and an average target price of $542.50.

Insider Buying and Selling at Teledyne Technologies

In other news, EVP Melanie Susan Cibik sold 706 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now owns 26,529 shares in the company, valued at $13,794,018.84. This represents a 2.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 51,324 shares in the company, valued at approximately $26,691,559.44. This trade represents a 6.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.