Versor Investments LP Makes New $918,000 Investment in Teledyne Technologies Incorporated (NYSE:TDY)

Versor Investments 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,056 shares of the scientific and technical instruments company's stock, valued at approximately $918,000.

Several other large investors also recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC acquired a new position in Teledyne Technologies in the fourth quarter valued at approximately $28,000. CVA Family Office LLC acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at $31,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Teledyne Technologies during the 3rd quarter worth $44,000. Anchor Investment Management LLC acquired a new stake in shares of Teledyne Technologies during the 4th quarter worth about $45,000. 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 valued at $49,000 after buying an additional 43 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Simon M. Lorne sold 2,200 shares of the company's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.14% of the company's stock.

Teledyne Technologies Stock Up 0.2 %

TDY traded up $0.87 during trading hours on Friday, hitting $393.49. 174,622 shares of the company's stock were exchanged, compared to its average volume of 326,037. The firm has a market cap of $18.64 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 2.72 and a beta of 1.04. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $408.36 and a 200 day moving average of $413.89.

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

Analysts Set New Price Targets

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

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.