Crestline Management LP Buys 2,131 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Crestline Management LP lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 91.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,453 shares of the scientific and technical instruments company's stock after acquiring an additional 2,131 shares during the period. Crestline Management LP's holdings in Teledyne Technologies were worth $2,067,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TDY. LPL Financial LLC boosted its position in Teledyne Technologies by 8.5% in the fourth quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company's stock valued at $13,166,000 after buying an additional 2,224 shares in the last quarter. Amundi grew its position in Teledyne Technologies by 11.9% during the 4th quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company's stock worth $57,687,000 after acquiring an additional 13,244 shares during the last quarter. Covea Finance increased its holdings in Teledyne Technologies by 25.1% in the 4th quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company's stock worth $9,932,000 after purchasing an additional 4,300 shares in the last quarter. ING Groep NV raised its position in Teledyne Technologies by 144.9% in the fourth quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company's stock valued at $2,763,000 after purchasing an additional 3,522 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Teledyne Technologies by 6.0% during the third 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 purchasing an additional 64,617 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now directly owns 51,324 shares of the company's stock, valued at $26,691,559.44. This represents a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the sale, the executive vice president now directly owns 26,529 shares of the company's stock, valued at approximately $13,794,018.84. The trade was a 2.59 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TDY. TD Securities reiterated a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a report on Thursday, April 24th. Needham & Company LLC dropped their price target 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 boosted 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 raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $542.50.

Teledyne Technologies Trading Up 0.6 %

TDY stock traded up $2.67 during midday trading on Friday, hitting $484.62. The stock had a trading volume of 269,175 shares, compared to its average volume of 257,633. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average price of $476.89 and a two-hundred day moving average price of $480.41. Teledyne Technologies Incorporated has a 1-year low of $380.63 and a 1-year high of $522.50. The firm has a market cap of $22.71 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 3.14 and a beta of 1.06.

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