Mariner LLC Boosts Position in Teledyne Technologies Incorporated (NYSE:TDY)

Mariner LLC raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,462 shares of the scientific and technical instruments company’s stock after purchasing an additional 130 shares during the period. Mariner LLC’s holdings in Teledyne Technologies were worth $2,535,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Teledyne Technologies by 4.9% in the third quarter. Barclays PLC now owns 102,490 shares of the scientific and technical instruments company’s stock valued at $44,854,000 after purchasing an additional 4,765 shares in the last quarter. SkyView Investment Advisors LLC raised its position in shares of Teledyne Technologies by 2.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,837 shares of the scientific and technical instruments company’s stock worth $804,000 after purchasing an additional 45 shares during the last quarter. Anchor Investment Management LLC lifted its stake in Teledyne Technologies by 114.4% in the 3rd quarter. Anchor Investment Management LLC now owns 253 shares of the scientific and technical instruments company’s stock valued at $111,000 after buying an additional 135 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Teledyne Technologies during the 3rd quarter valued at $39,000. Finally, Tidal Investments LLC increased its position in Teledyne Technologies by 26.7% during the third quarter. Tidal Investments LLC now owns 5,486 shares of the scientific and technical instruments company’s stock worth $2,401,000 after buying an additional 1,157 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling

In other Teledyne Technologies news, COO George C. Bobb III sold 6,308 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the completion of the sale, the chief operating officer now directly owns 10,482 shares in the company, valued at $5,322,445.14. This represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Cynthia Y. Belak sold 5,745 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the transaction, the vice president now owns 4,962 shares in the company, valued at approximately $2,522,383.08. This trade represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,571 shares of company stock valued at $17,709,721. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Bank of America upped their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, March 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Finally, StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, April 16th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $548.00.

Teledyne Technologies Stock Performance

NYSE TDY opened at $460.67 on Wednesday. The business’s 50-day moving average price is $484.49 and its 200 day moving average price is $478.50. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50. The company has a market capitalization of $21.58 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the firm posted $5.44 EPS. The company’s revenue was up 5.4% on a year-over-year basis. On average, research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

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.