3,081 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,081 shares of the scientific and technical instruments company’s stock, valued at approximately $1,430,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP bought a new position in shares of Teledyne Technologies in the 4th quarter worth $28,000. Hurley Capital LLC acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at about $33,000. Ancora Advisors LLC lifted its holdings in shares of Teledyne Technologies by 192.3% in the 4th quarter. Ancora Advisors LLC now owns 76 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 50 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Teledyne Technologies in the 4th quarter valued at about $42,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Teledyne Technologies during the fourth quarter worth approximately $46,000. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Price Performance

TDY stock opened at $495.75 on Friday. Teledyne Technologies Incorporated has a 1 year low of $380.63 and a 1 year 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 stock’s 50 day moving average price is $477.32 and its 200 day moving average price is $480.98. The firm has a market cap of $23.23 billion, a P/E ratio of 28.77, a PEG ratio of 3.14 and a beta of 1.06.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, topping analysts’ consensus estimates of $4.92 by $0.03. The company had revenue of $1.45 billion for 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 business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.55 EPS. On average, sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TDY shares. Bank of America increased their price target on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Needham & Company LLC cut their target price on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, TD Securities reaffirmed a “buy” rating and issued a $550.00 price objective on shares of Teledyne Technologies in a research note on Thursday, April 24th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $542.50.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the transaction, the executive vice president now owns 26,529 shares of the company’s stock, valued at $13,794,018.84. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the sale, the insider now directly owns 51,324 shares in the company, valued at approximately $26,691,559.44. This trade represents a 6.72% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

About Teledyne Technologies

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.