Voloridge Investment Management LLC Grows Position in Teledyne Technologies Incorporated (NYSE:TDY)

Voloridge Investment Management LLC raised its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 69.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,187 shares of the scientific and technical instruments company's stock after acquiring an additional 12,413 shares during the quarter. Voloridge Investment Management LLC owned about 0.06% of Teledyne Technologies worth $14,011,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. increased 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 worth $232,000 after purchasing an additional 21 shares during the period. Ironwood Investment Management LLC boosted its position in Teledyne Technologies by 0.8% in 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 buying an additional 22 shares in the last quarter. Tidal Investments LLC lifted 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 worth $2,556,000 after purchasing an additional 22 shares during the period. Keel Point LLC raised its stake in 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 worth $247,000 after buying an additional 23 shares during the last quarter. Finally, New York Life Investment Management LLC raised its stake in 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 worth $2,884,000 after buying an additional 25 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Stock Down 0.1%

NYSE:TDY traded down $0.46 on Thursday, reaching $495.78. 179,092 shares of the stock traded hands, compared to its average volume of 261,180. The company has a market capitalization of $23.23 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 3.14 and a beta of 1.06. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50. The company's fifty day simple moving average is $477.03 and its 200 day simple moving average is $482.57.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results 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 net margin of 14.45% and a return on equity of 9.94%. 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 business posted $4.55 earnings per share. The business's revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In related news, EVP Melanie Susan Cibik sold 706 shares of the business'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 sale, the executive vice president now owns 26,529 shares in the company, valued at approximately $13,794,018.84. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the business's stock in a transaction on 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 transaction, the insider now owns 51,324 shares in the company, valued at $26,691,559.44. This trade represents a 6.72% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

TDY has been the subject of several recent research reports. Bank of America boosted their target price 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. TD Securities reissued a "buy" rating and issued a $550.00 price target 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 report on Friday, May 9th. Finally, Needham & Company LLC decreased their target price 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. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of "Buy" and an average target price of $542.50.

About Teledyne Technologies

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.