Schonfeld Strategic Advisors LLC Has $62.16 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Schonfeld Strategic Advisors LLC lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 141.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,926 shares of the scientific and technical instruments company's stock after acquiring an additional 78,411 shares during the quarter. Teledyne Technologies accounts for about 0.4% of Schonfeld Strategic Advisors LLC's holdings, making the stock its 24th biggest position. Schonfeld Strategic Advisors LLC owned about 0.29% of Teledyne Technologies worth $62,159,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Teledyne Technologies by 4.9% during the third quarter. Barclays PLC now owns 102,490 shares of the scientific and technical instruments company's stock valued at $44,854,000 after buying an additional 4,765 shares during the period. SkyView Investment Advisors LLC increased its holdings in Teledyne Technologies by 2.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,837 shares of the scientific and technical instruments company's stock worth $804,000 after purchasing an additional 45 shares during the last quarter. Anchor Investment Management LLC boosted its stake in Teledyne Technologies by 114.4% during the 3rd quarter. Anchor Investment Management LLC now owns 253 shares of the scientific and technical instruments company's stock valued at $111,000 after acquiring an additional 135 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Teledyne Technologies in the third quarter worth about $39,000. Finally, Tidal Investments LLC increased its holdings in shares of Teledyne Technologies by 26.7% in the 3rd quarter. Tidal Investments LLC now owns 5,486 shares of the scientific and technical instruments company's stock valued at $2,401,000 after acquiring an additional 1,157 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. TD Securities reissued a "buy" rating and set a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Bank of America lifted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Finally, StockNews.com lowered Teledyne Technologies from a "buy" rating to a "hold" rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and six have assigned 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 $542.50.

Insider Buying and Selling

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the sale, the insider now directly owns 51,324 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 26,529 shares of the company's stock, valued at approximately $13,794,018.84. This trade represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,413 shares of company stock valued at $4,846,536. Insiders own 1.50% of the company's stock.

Teledyne Technologies Stock Up 2.7 %

Shares of TDY stock traded up $12.51 during trading on Friday, hitting $478.77. 369,492 shares of the company were exchanged, compared to its average volume of 255,767. Teledyne Technologies Incorporated has a twelve month low of $380.63 and a twelve month 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 has a market capitalization of $22.42 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 3.14 and a beta of 1.03. The business's 50-day simple moving average is $479.70 and its 200 day simple moving average is $478.98.

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

Teledyne Technologies Company 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.