Teledyne Technologies Incorporated (NYSE:TDY) Position Increased by Paloma Partners Management Co

Paloma Partners Management Co increased its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 350.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,000 shares of the scientific and technical instruments company's stock after purchasing an additional 3,890 shares during the quarter. Paloma Partners Management Co's holdings in Teledyne Technologies were worth $2,321,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Teledyne Technologies by 196.7% during the 4th quarter. AQR Capital Management LLC now owns 25,551 shares of the scientific and technical instruments company's stock worth $11,859,000 after buying an additional 16,939 shares during the last quarter. Lido Advisors LLC lifted its position in Teledyne Technologies by 12.8% during the 4th quarter. Lido Advisors LLC now owns 2,761 shares of the scientific and technical instruments company's stock worth $1,281,000 after acquiring an additional 314 shares during the period. Northern Trust Corp grew its position in Teledyne Technologies by 16.6% in the 4th quarter. Northern Trust Corp now owns 536,874 shares of the scientific and technical instruments company's stock valued at $249,180,000 after buying an additional 76,552 shares during the last quarter. Quarry LP acquired a new position in shares of Teledyne Technologies during the fourth quarter worth about $28,000. Finally, Earnest Partners LLC grew its holdings in Teledyne Technologies by 4.3% during the fourth quarter. Earnest Partners LLC now owns 407,474 shares of the scientific and technical instruments company's stock worth $189,121,000 after acquiring an additional 16,963 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TDY has been the subject of a number of research reports. TD Securities reiterated a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Needham & Company LLC lowered their target price on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Bank of America raised their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Finally, StockNews.com lowered shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $542.50.

Teledyne Technologies Trading Up 2.7 %

Shares of NYSE TDY traded up $12.51 during midday trading on Friday, hitting $478.77. The stock had a trading volume of 369,492 shares, compared to its average volume of 255,767. 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 1-year low of $380.63 and a 1-year high of $522.50. The company has a market capitalization of $22.42 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 3.14 and a beta of 1.03. The company has a fifty day moving average price of $479.70 and a 200 day moving average price of $478.98.

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

Insider Activity at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the sale, the insider now owns 51,324 shares in the company, valued at $26,691,559.44. This trade represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Robert Mehrabian sold 5,007 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $510.33, for a total transaction of $2,555,222.31. Following the completion of the transaction, the chairman now owns 144,553 shares of the company's stock, valued at $73,769,732.49. This trade represents a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,413 shares of company stock worth $4,846,536. Corporate insiders own 1.50% of the company's stock.

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.