Teledyne Technologies Incorporated (NYSE:TDY) Stake Lifted by Running Oak Capital LLC

Running Oak Capital LLC raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 19.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,250 shares of the scientific and technical instruments company's stock after buying an additional 3,319 shares during the period. Teledyne Technologies comprises about 1.8% of Running Oak Capital LLC's portfolio, making the stock its 28th largest holding. Running Oak Capital LLC's holdings in Teledyne Technologies were worth $9,037,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new position in shares of Teledyne Technologies during the 4th quarter valued at about $28,000. CVA Family Office LLC acquired a new position in Teledyne Technologies in the 4th quarter worth about $31,000. Anchor Investment Management LLC acquired a new position in Teledyne Technologies in the 4th quarter worth about $45,000. Cary Street Partners Investment Advisory LLC acquired a new position in Teledyne Technologies in the 3rd quarter worth about $44,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its holdings in Teledyne Technologies by 63.2% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company's stock worth $49,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TDY shares. StockNews.com cut Teledyne Technologies from a "buy" rating to a "hold" rating in a report on Thursday, April 25th. Needham & Company LLC reduced their price target on Teledyne Technologies from $510.00 to $455.00 and set a "buy" rating for the company in a report on Thursday, April 25th. TD Cowen reduced their price target on Teledyne Technologies from $475.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, April 25th. Finally, Bank of America cut Teledyne Technologies from a "buy" rating to a "neutral" rating and reduced their target price for the company from $490.00 to $400.00 in a report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Teledyne Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $470.83.

Insider Activity

In other news, Director Simon M. Lorne sold 2,200 shares of the company's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the sale, the director now directly owns 67,288 shares in the company, valued at $28,711,789.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the transaction, the director now directly owns 67,288 shares in the company, valued at $28,711,789.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the transaction, the director now owns 18,735 shares of the company's stock, valued at $8,110,568.85. The disclosure for this sale can be found here. Company insiders own 2.14% of the company's stock.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock traded up $2.61 during mid-day trading on Thursday, reaching $385.64. 356,379 shares of the stock traded hands, compared to its average volume of 240,597. The business has a 50-day moving average of $412.66 and a 200 day moving average of $413.68. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The stock has a market capitalization of $18.27 billion, a PE ratio of 20.86, a PEG ratio of 2.63 and a beta of 1.04. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.63 by ($0.08). The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.39 billion. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. Teledyne Technologies's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the company earned $4.53 earnings per share. On average, analysts predict that Teledyne Technologies Incorporated will post 19.34 EPS for the current year.

Teledyne Technologies 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.