Squarepoint Ops LLC Has $582,000 Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Squarepoint Ops LLC reduced its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 88.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,253 shares of the scientific and technical instruments company's stock after selling 9,635 shares during the quarter. Squarepoint Ops LLC's holdings in Teledyne Technologies were worth $582,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TDY. Stratos Wealth Partners LTD. raised its holdings in shares of Teledyne Technologies by 4.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock valued at $232,000 after acquiring an additional 21 shares during the period. Ironwood Investment Management LLC raised its holdings in shares of Teledyne Technologies by 0.8% during the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock valued at $1,335,000 after acquiring an additional 22 shares during the period. Tidal Investments LLC raised its holdings in shares of Teledyne Technologies by 0.4% during the fourth quarter. Tidal Investments LLC now owns 5,508 shares of the scientific and technical instruments company's stock valued at $2,556,000 after acquiring an additional 22 shares during the period. Keel Point LLC raised its holdings in shares of Teledyne Technologies by 4.5% during the fourth quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock valued at $247,000 after acquiring an additional 23 shares during the period. Finally, New York Life Investment Management LLC raised its holdings in shares of Teledyne Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company's stock valued at $2,884,000 after acquiring an additional 25 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TDY has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. Needham & Company LLC cut their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, TD Securities reiterated a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research note on Thursday, April 24th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies presently has an average rating of "Buy" and a consensus target price of $542.50.

Teledyne Technologies Stock Up 0.3%

Teledyne Technologies stock traded up $1.25 during trading hours on Thursday, hitting $499.36. The company had a trading volume of 313,416 shares, compared to its average volume of 264,026. The firm has a market capitalization of $23.40 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 3.14 and a beta of 1.04. 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 firm's fifty day moving average is $476.10 and its 200-day moving average is $483.01. Teledyne Technologies Incorporated has a fifty-two week low of $380.63 and a fifty-two week 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, beating the consensus estimate of $4.92 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates 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 for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.55 EPS. On average, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share 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.