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

Crestline Management LP grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 91.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,453 shares of the scientific and technical instruments company’s stock after buying an additional 2,131 shares during the period. Crestline Management LP’s holdings in Teledyne Technologies were worth $2,067,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Stratos Wealth Partners LTD. lifted its position in Teledyne Technologies by 4.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company’s stock valued at $232,000 after buying an additional 21 shares during the last quarter. Ironwood Investment Management LLC boosted its position in shares of Teledyne Technologies by 0.8% during the 4th quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company’s stock worth $1,335,000 after purchasing an additional 22 shares during the period. Keel Point LLC increased its holdings in Teledyne Technologies by 4.5% in the 4th quarter. Keel Point LLC now owns 532 shares of the scientific and technical instruments company’s stock valued at $247,000 after purchasing an additional 23 shares during the last quarter. New York Life Investment Management LLC raised its position in Teledyne Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company’s stock valued at $2,884,000 after purchasing an additional 25 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Teledyne Technologies by 15.1% during the fourth quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company’s stock worth $105,000 after buying an additional 27 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies 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 completion of the sale, the executive vice president now owns 26,529 shares in the company, valued at approximately $13,794,018.84. The trade was a 2.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the 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 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 disclosure for this sale can be found here. Insiders sold a total of 9,413 shares of company stock valued at $4,846,536 over the last ninety days. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TDY. StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Monday, April 28th. Needham & Company LLC lowered their price objective on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. TD Securities reaffirmed a “buy” rating and issued a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Finally, Bank of America boosted their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $542.50.

Teledyne Technologies Price Performance

Shares of NYSE TDY opened at $482.02 on Thursday. The stock’s 50-day simple moving average is $477.66 and its 200-day simple moving average is $479.82. The firm has a market capitalization of $22.59 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 3.14 and a beta of 1.06. Teledyne Technologies Incorporated has a fifty-two week low of $380.63 and a fifty-two week 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.

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, topping analysts’ consensus estimates of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company earned $4.55 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies Company 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.