Schonfeld Strategic Advisors LLC Buys 78,411 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Schonfeld Strategic Advisors LLC boosted its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 141.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,926 shares of the scientific and technical instruments company’s stock after purchasing an additional 78,411 shares during the quarter. Teledyne Technologies comprises about 0.4% of Schonfeld Strategic Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Schonfeld Strategic Advisors LLC owned about 0.29% of Teledyne Technologies worth $62,159,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TDY. Quarry LP bought a new position in shares of Teledyne Technologies in the fourth quarter valued at $28,000. Hurley Capital LLC acquired a new position in Teledyne Technologies during the 4th quarter worth approximately $33,000. Wilmington Savings Fund Society FSB acquired a new stake in Teledyne Technologies in the third quarter valued at approximately $39,000. Millstone Evans Group LLC acquired a new stake in Teledyne Technologies in the fourth quarter valued at approximately $42,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Teledyne Technologies during the fourth quarter valued at $46,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TDY. StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Monday. TD Securities reaffirmed a “buy” rating and issued a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. Needham & Company LLC dropped their price objective 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, Bank of America raised their price target on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, March 17th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $542.50.

Insider Activity

In other news, EVP Melanie Susan Cibik sold 706 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was 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 approximately $13,794,018.84. The trade was a 2.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Robert Mehrabian sold 5,768 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $518.22, for a total value of $2,989,092.96. Following the transaction, the chairman now directly owns 144,553 shares of the company’s stock, valued at approximately $74,910,255.66. This trade represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,880 shares of company stock valued at $9,212,200. 1.50% of the stock is currently owned by corporate insiders.

Teledyne Technologies Stock Up 1.1 %

NYSE:TDY opened at $463.84 on Tuesday. The firm has a market cap 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. The company has a 50-day moving average of $481.55 and a 200 day moving average of $479.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. Teledyne Technologies Incorporated has a 1-year low of $375.94 and a 1-year high of $522.50.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $4.92 by $0.03. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.55 earnings per share. As a group, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS 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.