XTX Topco Ltd Purchases 803 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

XTX Topco Ltd raised its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 151.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,334 shares of the scientific and technical instruments company’s stock after purchasing an additional 803 shares during the quarter. XTX Topco Ltd’s holdings in Teledyne Technologies were worth $619,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Teledyne Technologies during the fourth quarter valued at approximately $306,042,000. Madison Investment Advisors LLC bought a new stake in shares of Teledyne Technologies in the 4th quarter worth $94,721,000. Raymond James Financial Inc. purchased a new position in shares of Teledyne Technologies in the fourth quarter worth $53,304,000. FIL Ltd lifted its holdings in shares of Teledyne Technologies by 72.8% during the fourth quarter. FIL Ltd now owns 260,187 shares of the scientific and technical instruments company’s stock valued at $120,761,000 after purchasing an additional 109,615 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position 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 buying an additional 64,617 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TDY shares. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday. Bank of America boosted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a report on Monday, March 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $548.00.

Insiders Place Their Bets

In other news, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $508.34, for a total value of $2,920,413.30. Following the sale, the vice president now directly owns 4,962 shares of the company’s stock, valued at approximately $2,522,383.08. The trade was a 53.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO George C. Bobb III sold 6,308 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the completion of the transaction, the chief operating officer now directly owns 10,482 shares of the company’s stock, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,571 shares of company stock worth $17,709,721 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Teledyne Technologies Price Performance

NYSE TDY opened at $462.30 on Friday. 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 firm has a market capitalization of $21.65 billion, a P/E ratio of 26.83, a PEG ratio of 3.14 and a beta of 1.03. The company has a 50-day moving average price of $486.27 and a 200-day moving average price of $478.03. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $522.50.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates of $5.23 by $0.29. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $5.44 earnings per share. Equities research analysts anticipate 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.