Choreo LLC Increases Position in Teledyne Technologies Incorporated (NYSE:TDY)

Choreo LLC grew its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 55.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,488 shares of the scientific and technical instruments company's stock after acquiring an additional 531 shares during the quarter. Choreo LLC's holdings in Teledyne Technologies were worth $692,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TDY. Mirae Asset Global Investments Co. Ltd. increased its holdings in Teledyne Technologies by 37.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,290 shares of the scientific and technical instruments company's stock valued at $2,021,000 after purchasing an additional 1,176 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Teledyne Technologies by 4.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock worth $232,000 after purchasing an additional 21 shares during the last quarter. Mather Group LLC. boosted its position in shares of Teledyne Technologies by 16.6% in the 4th quarter. Mather Group LLC. now owns 337 shares of the scientific and technical instruments company's stock worth $156,000 after purchasing an additional 48 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Teledyne Technologies in the 4th quarter worth $19,310,000. Finally, Caprock Group LLC bought a new position in shares of Teledyne Technologies in the 4th quarter worth $314,000. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Stock Down 1.9 %

Shares of NYSE:TDY traded down $9.54 during midday trading on Friday, reaching $489.74. The company had a trading volume of 322,036 shares, compared to its average volume of 251,581. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The business's 50 day moving average price is $482.68 and its 200 day moving average price is $457.55. The stock has a market cap of $22.82 billion, a PE ratio of 28.42, a P/E/G ratio of 3.19 and a beta of 1.03. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping analysts' consensus estimates of $5.23 by $0.29. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.44 earnings per share. Research analysts forecast that Teledyne Technologies Incorporated will post 21.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael T. Smith sold 2,025 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the completion of the sale, the director now owns 54,935 shares in the company, valued at $26,272,663.75. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Cynthia Y. Belak sold 5,745 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the sale, the vice president now owns 4,962 shares of the company's stock, 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. Insiders have sold a total of 32,190 shares of company stock valued at $16,386,864 over the last 90 days. 2.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

TDY has been the topic of several recent analyst reports. Bank of America upgraded Teledyne Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Needham & Company LLC reissued a "buy" rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. TD Cowen lifted their price target on Teledyne Technologies from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, UBS Group assumed coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a "buy" rating and a $585.00 price target on the stock. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies presently has an average rating of "Buy" and an average price target of $538.00.

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.