J. Goldman & Co LP Invests $17.01 Million in Teledyne Technologies Incorporated (NYSE:TDY)

J. Goldman & Co LP acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the fourth quarter, Holdings Channel reports. The firm acquired 36,658 shares of the scientific and technical instruments company’s stock, valued at approximately $17,014,000.

Several other large investors have also bought and sold shares of the stock. Janus Henderson Group PLC increased its stake in shares of Teledyne Technologies by 0.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,723,082 shares of the scientific and technical instruments company’s stock valued at $799,734,000 after buying an additional 13,607 shares during the period. Focus Partners Wealth bought a new stake in Teledyne Technologies in the fourth quarter valued at approximately $261,000. Ethic Inc. boosted its holdings in Teledyne Technologies by 35.4% in the fourth quarter. Ethic Inc. now owns 4,223 shares of the scientific and technical instruments company’s stock valued at $1,960,000 after acquiring an additional 1,103 shares during the last quarter. Fullcircle Wealth LLC acquired a new stake in Teledyne Technologies during the 4th quarter valued at approximately $220,000. Finally, Deutsche Bank AG lifted its position in shares of Teledyne Technologies by 6.9% in the 4th quarter. Deutsche Bank AG now owns 173,646 shares of the scientific and technical instruments company’s stock worth $80,594,000 after purchasing an additional 11,217 shares during the period. 91.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 51,324 shares of the company’s stock, valued at $26,691,559.44. The trade was a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $367,091.76. Following the completion of the transaction, the executive vice president now directly owns 26,529 shares in the company, 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. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday. Needham & Company LLC decreased their price target on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Bank of America upped their target price on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, March 17th. Finally, TD Securities reissued a “buy” rating and issued a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday, April 24th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Buy” and a consensus price target of $542.50.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $484.62 on Friday. The business has a 50-day simple moving average of $476.89 and a 200 day simple moving average of $480.41. Teledyne Technologies Incorporated has a one year low of $380.63 and a one year high of $522.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The firm has a market capitalization of $22.71 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 3.14 and a beta of 1.06.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $4.55 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal 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.