Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 73.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,078 shares of the scientific and technical instruments company’s stock after acquiring an additional 880 shares during the period. Quantinno Capital Management LP’s holdings in Teledyne Technologies were worth $910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TDY. Tortoise Investment Management LLC boosted its stake in Teledyne Technologies by 48.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 24 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Teledyne Technologies by 1.6% during the 3rd quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company’s stock worth $663,000 after acquiring an additional 24 shares during the period. Crumly & Associates Inc. boosted its position in shares of Teledyne Technologies by 3.8% in the third quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company’s stock worth $296,000 after acquiring an additional 25 shares during the last quarter. Raymond James Trust N.A. grew its holdings in Teledyne Technologies by 4.8% in the third quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock valued at $241,000 after purchasing an additional 25 shares during the period. Finally, Bleakley Financial Group LLC increased its position in Teledyne Technologies by 4.0% during the third quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company’s stock worth $298,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the completion of the sale, the chairman now owns 171,802 shares in the company, valued at $83,724,268.66. This trade represents a 21.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael T. Smith sold 2,025 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total value of $968,456.25. Following the sale, the director now owns 54,935 shares in the company, valued at $26,272,663.75. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,025 shares of company stock valued at $25,347,399. Corporate insiders own 2.14% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $475.05 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $492.00. The company has a market capitalization of $22.14 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 3.29 and a beta of 1.01. The business has a 50-day moving average of $467.11 and a 200-day moving average of $429.19.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. Teledyne Technologies’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.05 EPS. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TDY has been the topic of a number of research analyst reports. Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a report on Monday, November 11th. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $450.00 to $550.00 in a report on Friday, November 8th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. UBS Group started coverage on Teledyne Technologies in a research note on Tuesday. They issued a “buy” rating and a $585.00 price objective on the stock. Finally, TD Cowen increased their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies has an average rating of “Buy” and a consensus target price of $531.00.

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.