Maven Securities LTD Invests $1.08 Million in Teledyne Technologies Incorporated (NYSE:TDY)

Maven Securities LTD purchased a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,475 shares of the scientific and technical instruments company's stock, valued at approximately $1,083,000.

Other institutional investors also recently modified their holdings of the company. Investment Management Corp of Ontario lifted its stake in Teledyne Technologies by 48.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 1,528 shares of the scientific and technical instruments company's stock valued at $669,000 after acquiring an additional 500 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Teledyne Technologies by 0.6% in the third quarter. Janus Henderson Group PLC now owns 1,709,475 shares of the scientific and technical instruments company's stock valued at $748,167,000 after purchasing an additional 9,368 shares during the last quarter. Hilltop Holdings Inc. bought a new stake in shares of Teledyne Technologies in the third quarter worth $203,000. Cinctive Capital Management LP acquired a new position in Teledyne Technologies during the third quarter worth $438,000. Finally, Beacon Investment Advisory Services Inc. bought a new position in Teledyne Technologies in the third quarter valued at $214,000. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies Stock Performance

Shares of NYSE TDY traded down $2.17 during midday trading on Thursday, hitting $476.72. 189,891 shares of the company's stock were exchanged, compared to its average volume of 241,342. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $22.22 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 3.32 and a beta of 1.01. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $492.00. The company's 50 day moving average price is $463.65 and its 200 day moving average price is $426.82.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS 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 net margin of 16.88% and a return on equity of 10.02%. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $5.05 earnings per share. As a group, analysts predict that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 3,925 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $490.50, for a total value of $1,925,212.50. Following the transaction, the chairman now directly owns 171,802 shares of the company's stock, valued at $84,268,881. This represents a 2.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.14% of the company's stock.

Analysts Set New Price Targets

TDY has been the topic of a number of recent research reports. Needham & Company LLC lifted their target price on Teledyne Technologies from $528.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, November 11th. StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. Bank of America upgraded Teledyne Technologies from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, TD Cowen raised their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $517.50.

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.