Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP trimmed its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 17.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,475 shares of the scientific and technical instruments company's stock after selling 1,334 shares during the period. ExodusPoint Capital Management LP's holdings in Teledyne Technologies were worth $3,005,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Teledyne Technologies during the 3rd quarter worth $39,000. Millstone Evans Group LLC purchased a new position in Teledyne Technologies during the fourth quarter worth about $42,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Teledyne Technologies during the fourth quarter valued at about $46,000. Tortoise Investment Management LLC raised its stake in shares of Teledyne Technologies by 63.2% in the 4th quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company's stock valued at $58,000 after acquiring an additional 48 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of Teledyne Technologies by 43.0% in the 4th quarter. Private Trust Co. NA now owns 173 shares of the scientific and technical instruments company's stock worth $80,000 after acquiring an additional 52 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO George C. Bobb III sold 6,308 shares of the stock in a transaction dated Friday, January 24th. The shares were 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 owns 10,482 shares in the company, valued at approximately $5,322,445.14. This represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the business's stock in a transaction dated 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 transaction, the vice president now owns 4,962 shares in the company, valued at $2,522,383.08. This trade represents a 53.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,571 shares of company stock worth $17,709,721 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TDY. Needham & Company LLC reiterated a "buy" rating and set a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. StockNews.com downgraded shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Finally, Bank of America raised their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $548.00.

Teledyne Technologies Stock Up 1.2 %

Shares of Teledyne Technologies stock traded up $5.70 during trading on Friday, hitting $464.63. 247,216 shares of the stock were exchanged, compared to its average volume of 257,935. The stock has a market cap of $21.76 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The firm's 50-day moving average price is $490.99 and its 200 day moving average price is $477.37. 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 12-month low of $355.41 and a 12-month high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.23 by $0.29. The business had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.44 EPS. As a group, analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share 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.