Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 126.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,716 shares of the scientific and technical instruments company's stock after acquiring an additional 2,638 shares during the period. 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 have also bought and sold shares of the business. Quarry LP acquired a new position in Teledyne Technologies during the fourth quarter worth $28,000. Hurley Capital LLC acquired a new stake in Teledyne Technologies during the fourth quarter worth about $33,000. Ancora Advisors LLC raised its stake in 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 purchasing an additional 50 shares during the period. Millstone Evans Group LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at about $42,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Teledyne Technologies in the 4th quarter valued at approximately $46,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America lifted their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. TD Securities restated a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Needham & Company LLC lowered their price target on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company 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 analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $542.50.

Teledyne Technologies Trading Down 0.4%

NYSE TDY traded down $1.74 during trading on Monday, hitting $486.30. The stock had a trading volume of 156,326 shares, compared to its average volume of 260,998. The firm has a 50 day moving average price of $477.54 and a 200 day moving average price of $482.41. 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 Incorporated has a twelve month low of $380.63 and a twelve month high of $522.50. The company has a market capitalization of $22.79 billion, a PE ratio of 28.22, a PEG ratio of 3.14 and a beta of 1.06.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $1.44 billion. During the same period last year, the firm 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 research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Melanie Susan Cibik sold 706 shares of the company'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 completion of the transaction, the executive vice president now directly owns 26,529 shares of the company's stock, valued at approximately $13,794,018.84. This represents a 2.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total value of $1,924,222.00. Following the sale, the insider now owns 51,324 shares of the company's stock, valued at approximately $26,691,559.44. The trade was a 6.72% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company 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.