881 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Acquired by Quantessence Capital LLC

Quantessence Capital LLC acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 881 shares of the scientific and technical instruments company's stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TDY. Norges Bank acquired a new stake in Teledyne Technologies during the fourth quarter worth $306,042,000. Madison Investment Advisors LLC acquired a new stake in shares of Teledyne Technologies in the fourth quarter valued at $94,721,000. Raymond James Financial Inc. acquired a new position in Teledyne Technologies during the 4th quarter worth about $53,304,000. FIL Ltd boosted its holdings in Teledyne Technologies by 72.8% during the 4th quarter. FIL Ltd now owns 260,187 shares of the scientific and technical instruments company's stock valued at $120,761,000 after acquiring an additional 109,615 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company's stock valued at $503,338,000 after acquiring an additional 64,617 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insider Activity

In other news, EVP Melanie Susan Cibik sold 2,699 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $510.03, for a total value of $1,376,570.97. Following the completion of the transaction, the executive vice president now directly owns 27,235 shares in the company, valued at approximately $13,890,667.05. This represents a 9.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the company's stock in a transaction dated 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 completion of 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,880 shares of company stock valued at $9,212,200. Company insiders own 1.50% of the company's stock.

Teledyne Technologies Trading Up 0.2 %

TDY traded up $1.02 during trading on Monday, hitting $459.62. The company's stock had a trading volume of 56,286 shares, compared to its average volume of 255,814. The firm's 50 day moving average price is $482.32 and its 200-day moving average price is $479.03. Teledyne Technologies Incorporated has a twelve month low of $375.94 and a twelve month high of $522.50. The stock has a market cap of $21.53 billion, a PE ratio of 26.63, a PEG ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued 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 firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. During the same quarter last year, the firm earned $4.55 earnings per share. On average, analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TDY. Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a report on Thursday. StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, April 16th. Bank of America upped their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Finally, TD Securities reiterated a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies has a consensus rating of "Buy" and an average price target of $542.50.

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.