J. Goldman & Co LP Purchases Shares of 36,658 Teledyne Technologies Incorporated (NYSE:TDY)

J. Goldman & Co LP acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 36,658 shares of the scientific and technical instruments company's stock, valued at approximately $17,014,000. J. Goldman & Co LP owned approximately 0.08% of Teledyne Technologies as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TDY. Stratos Wealth Partners LTD. raised its position in Teledyne Technologies by 4.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock worth $232,000 after acquiring an additional 21 shares in the last quarter. Ironwood Investment Management LLC raised its holdings in shares of Teledyne Technologies by 0.8% in the 4th quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock valued at $1,335,000 after purchasing an additional 22 shares during the period. Keel Point LLC lifted its stake in Teledyne Technologies by 4.5% in the 4th quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company's stock valued at $247,000 after purchasing an additional 23 shares during the last quarter. New York Life Investment Management LLC grew its holdings in Teledyne Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company's stock worth $2,884,000 after purchasing an additional 25 shares during the period. Finally, Allworth Financial LP increased its position in Teledyne Technologies by 15.1% during the fourth quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company's stock worth $105,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

TDY has been the subject of several research analyst reports. Needham & Company LLC reduced their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. TD Securities reaffirmed a "buy" rating and set a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday, April 24th. Bank of America increased their price objective 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. Finally, StockNews.com raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $542.50.

Teledyne Technologies Price Performance

NYSE:TDY opened at $484.62 on Friday. Teledyne Technologies Incorporated has a 52 week low of $380.63 and a 52 week high of $522.50. 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 firm's 50-day simple moving average is $476.89 and its 200 day simple moving average is $480.41. The firm has a market cap of $22.71 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 3.14 and a beta of 1.06.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly 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 company 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 firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.55 earnings per share. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Insider Activity

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction 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 owns 51,324 shares in the company, valued at approximately $26,691,559.44. This trade represents a 6.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of the business's stock in a transaction on Monday, March 3rd. The stock was 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 of the company's stock, valued at $13,794,018.84. This trade represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

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.

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