1,361 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Purchased by Walleye Capital LLC

Walleye Capital LLC purchased a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,361 shares of the scientific and technical instruments company's stock, valued at approximately $632,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Hurley Capital LLC acquired a new stake in Teledyne Technologies during the 4th quarter worth about $33,000. Wilmington Savings Fund Society FSB acquired a new stake in Teledyne Technologies during the 3rd quarter worth about $39,000. Millstone Evans Group LLC acquired a new stake in Teledyne Technologies during the 4th quarter worth about $42,000. Newbridge Financial Services Group Inc. acquired a new stake in Teledyne Technologies during the 4th quarter worth about $46,000. Finally, Tortoise Investment Management LLC boosted its position in Teledyne Technologies by 63.2% during the 4th quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company's stock worth $58,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insider Activity at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of the company's stock in a transaction 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 completion of the transaction, the insider now directly owns 51,324 shares in the company, valued at $26,691,559.44. This represents a 6.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Melanie Susan Cibik sold 2,699 shares of the stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $510.03, for a total transaction of $1,376,570.97. Following the completion of the transaction, the executive vice president now owns 27,235 shares of the company's stock, valued at approximately $13,890,667.05. This represents a 9.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,880 shares of company stock worth $9,212,200 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on TDY shares. Bank of America raised 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. TD Securities reaffirmed a "buy" rating and set a $550.00 price objective on shares of Teledyne Technologies in a research report on Thursday. Needham & Company LLC decreased 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 report on Thursday. Finally, StockNews.com downgraded 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 given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $542.50.

Teledyne Technologies Stock Up 1.1 %

TDY stock traded up $5.24 during trading hours on Monday, hitting $463.84. The company's stock had a trading volume of 242,146 shares, compared to its average volume of 256,544. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $481.55 and a two-hundred day moving average price of $479.10. The company has a market capitalization of $21.73 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 12 month low of $375.94 and a 12 month high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted 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. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.55 EPS. On average, equities research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

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.