Quantinno Capital Management LP Grows Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Quantinno Capital Management LP lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 126.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,716 shares of the scientific and technical instruments company's stock after buying an additional 2,638 shares during the quarter. Quantinno Capital Management LP's holdings in Teledyne Technologies were worth $2,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TDY. Quarry LP acquired a new position in shares of Teledyne Technologies during the fourth quarter worth about $28,000. Hurley Capital LLC acquired a new position in shares of Teledyne Technologies during the fourth quarter worth about $33,000. Ancora Advisors LLC grew its position in shares of Teledyne Technologies by 192.3% during the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock worth $35,000 after buying an additional 50 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of Teledyne Technologies during the fourth quarter worth about $42,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Teledyne Technologies during the fourth quarter worth about $46,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Down 0.4%

TDY stock traded down $1.74 during trading on Friday, hitting $486.30. 156,326 shares of the company's stock were exchanged, compared to its average volume of 260,514. The business has a 50-day moving average price of $477.79 and a two-hundred day moving average price of $482.18. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 3.14 and a beta of 1.06. Teledyne Technologies Incorporated has a 52-week low of $380.63 and a 52-week high of $522.50. 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 (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $0.03. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $4.55 earnings per share. As a group, equities research analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insiders Place Their Bets

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the transaction, the executive vice president now owns 26,529 shares of the company's stock, valued at approximately $13,794,018.84. This trade represents a 2.59% decrease in their ownership of the stock. 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 that occurred on 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 owns 51,324 shares of the company's stock, valued at approximately $26,691,559.44. This represents a 6.72% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TDY shares. Wall Street Zen raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. TD Securities reissued a "buy" rating and set a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday, April 24th. Needham & Company LLC lowered their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Bank of America boosted their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus 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.