Hudson Bay Capital Management LP Has $6.94 Million Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Hudson Bay Capital Management LP decreased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 33.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,948 shares of the scientific and technical instruments company's stock after selling 7,498 shares during the quarter. Hudson Bay Capital Management LP's holdings in Teledyne Technologies were worth $6,938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TDY. Quarry LP acquired a new position in Teledyne Technologies during the fourth quarter worth about $28,000. Hurley Capital LLC bought a new position in Teledyne Technologies in the 4th quarter valued at approximately $33,000. Ancora Advisors LLC boosted its position in Teledyne Technologies by 192.3% in the fourth quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company's stock valued at $35,000 after buying an additional 50 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Teledyne Technologies in the third quarter valued at approximately $39,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Teledyne Technologies during the fourth quarter worth $42,000. 91.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, 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 transaction, the insider now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 26,529 shares in the company, valued at approximately $13,794,018.84. This trade represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Teledyne Technologies Trading Up 0.5%

Shares of TDY traded up $2.47 during mid-day trading on Friday, reaching $498.67. 340,506 shares of the company were exchanged, compared to its average volume of 259,921. The business has a 50 day simple moving average of $477.51 and a two-hundred day simple moving average of $481.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The stock has a market capitalization of $23.37 billion, a PE ratio of 28.94, 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.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, beating analysts' consensus estimates of $4.92 by $0.03. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.55 EPS. On average, analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on TDY. TD Securities reiterated a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Bank of America increased their target price on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Needham & Company LLC cut their target price on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of "Buy" and a consensus target price of $542.50.

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.