Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 88.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TDY. Caisse DE Depot ET Placement DU Quebec raised its holdings in Teledyne Technologies by 1.8% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 294,101 shares of the scientific and technical instruments company's stock worth $136,501,000 after purchasing an additional 5,275 shares during the period. Freestone Grove Partners LP bought a new position in Teledyne Technologies in the 4th quarter worth $61,939,000. Parvin Asset Management LLC bought a new stake in Teledyne Technologies during the fourth quarter valued at about $93,000. Kapitalo Investimentos Ltda bought a new stake in Teledyne Technologies during the fourth quarter valued at about $94,000. Finally, Schonfeld Strategic Advisors LLC raised its holdings in Teledyne Technologies by 141.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 133,926 shares of the scientific and technical instruments company's stock valued at $62,159,000 after acquiring an additional 78,411 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Price Performance

TDY traded up $0.86 during trading on Thursday, reaching $497.10. The company's stock had a trading volume of 362,138 shares, compared to its average volume of 261,638. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $477.03 and a two-hundred day simple moving average of $482.57. Teledyne Technologies Incorporated has a 1 year low of $380.63 and a 1 year high of $522.50. The company has a market cap of $23.29 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 3.14 and a beta of 1.06.

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 earnings per share (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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm earned $4.55 EPS. The business's revenue was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on TDY shares. Needham & Company LLC reduced their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. TD Securities reaffirmed a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Bank of America increased their price target on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Finally, Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $542.50.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies 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 transaction, the executive vice president now directly 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 transaction 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 Teledyne Technologies 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 completion of the transaction, the insider now owns 51,324 shares in the company, 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. 1.50% of the stock is currently owned by corporate insiders.

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.