Teledyne Technologies Incorporated (NYSE:TDY) Stock Holdings Lessened by Jane Street Group LLC

Jane Street Group LLC reduced its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 88.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,877 shares of the scientific and technical instruments company's stock after selling 14,523 shares during the period. Jane Street Group LLC's holdings in Teledyne Technologies were worth $871,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDY. Quarry LP purchased a new stake in shares of Teledyne Technologies during the fourth quarter worth about $28,000. Hurley Capital LLC purchased a new stake in Teledyne Technologies in the 4th quarter worth approximately $33,000. Millstone Evans Group LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at $42,000. Newbridge Financial Services Group Inc. acquired a new position in Teledyne Technologies in the 4th quarter valued at $46,000. Finally, Tortoise Investment Management LLC lifted its stake in shares of Teledyne Technologies by 63.2% during the 4th quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company's stock worth $58,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Stock Up 1.8%

Shares of NYSE TDY traded up $8.51 during trading on Tuesday, reaching $494.73. 176,628 shares of the stock were exchanged, compared to its average volume of 260,660. The business's 50-day moving average price is $477.26 and its 200 day moving average price is $482.39. The company has a market capitalization of $23.18 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 3.14 and a beta of 1.06. Teledyne Technologies Incorporated has a twelve month low of $380.63 and a twelve month high of $522.50. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (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 business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company earned $4.55 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at Teledyne Technologies

In other news, EVP Melanie Susan Cibik sold 706 shares of the company's stock in a transaction dated 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. This represents a 2.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the sale, the insider now directly owns 51,324 shares of the company's stock, valued at approximately $26,691,559.44. This represents a 6.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.