Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 61,911.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 496,715 shares of the scientific and technical instruments company's stock after acquiring an additional 495,914 shares during the period. GAMMA Investing LLC owned 1.06% of Teledyne Technologies worth $247,220,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. grew its stake in shares of Teledyne Technologies by 4.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock worth $232,000 after buying an additional 21 shares in the last quarter. Ironwood Investment Management LLC grew its stake in shares of Teledyne Technologies by 0.8% in the 4th quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock worth $1,335,000 after buying an additional 22 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Teledyne Technologies by 0.4% in the 4th quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company's stock worth $2,556,000 after buying an additional 22 shares in the last quarter. Keel Point LLC grew its stake in shares of Teledyne Technologies by 4.5% in the 4th quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock worth $247,000 after buying an additional 23 shares in the last quarter. Finally, New York Life Investment Management LLC grew its stake in shares of Teledyne Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company's stock worth $2,884,000 after buying an additional 25 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Up 0.0%

Shares of NYSE:TDY traded up $0.07 during trading hours on Wednesday, hitting $498.80. The company's stock had a trading volume of 154,785 shares, compared to its average volume of 262,707. Teledyne Technologies Incorporated has a 52 week low of $380.63 and a 52 week high of $522.50. 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 company has a market capitalization of $23.37 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 3.14 and a beta of 1.06. The firm's fifty day moving average price is $476.10 and its 200 day moving average price is $483.01.

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 EPS for the quarter, beating the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business posted $4.55 EPS. The company's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, research analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Wall Street Analysts Forecast Growth

TDY has been the subject of a number of recent research reports. 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. Bank of America lifted their price target 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. Needham & Company LLC decreased their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $542.50.

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.