Maren Capital LLC Has $120.46 Million Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Maren Capital LLC grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 275,235 shares of the scientific and technical instruments company's stock after buying an additional 10,598 shares during the quarter. Teledyne Technologies makes up about 9.9% of Maren Capital LLC's investment portfolio, making the stock its largest holding. Maren Capital LLC owned approximately 0.59% of Teledyne Technologies worth $120,459,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TDY. Wolff Wiese Magana LLC acquired a new stake in shares of Teledyne Technologies during the 3rd quarter valued at about $27,000. American National Bank acquired a new stake in shares of Teledyne Technologies during the 2nd quarter valued at about $28,000. Innealta Capital LLC acquired a new stake in Teledyne Technologies in the 2nd quarter worth approximately $28,000. Tortoise Investment Management LLC lifted its holdings in Teledyne Technologies by 48.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company's stock worth $29,000 after purchasing an additional 24 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Teledyne Technologies in the 3rd quarter worth approximately $32,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TDY. Needham & Company LLC boosted their target price on Teledyne Technologies from $528.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, November 11th. TD Cowen lifted their price target on Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Bank of America raised Teledyne Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Finally, StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $517.50.

Teledyne Technologies Price Performance

TDY stock traded up $0.37 during trading on Wednesday, hitting $478.89. The company had a trading volume of 143,778 shares, compared to its average volume of 241,501. The company has a fifty day moving average price of $461.93 and a two-hundred day moving average price of $426.11. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. The company has a market cap of $22.32 billion, a P/E ratio of 24.19, a P/E/G ratio of 3.33 and a beta of 1.01. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $492.00.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.97 by $0.13. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. Teledyne Technologies's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.05 EPS. Equities research analysts expect that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Robert Mehrabian sold 46,075 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the transaction, the chairman now owns 171,802 shares of the company's stock, valued at $83,724,268.66. This represents a 21.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.88% of the company's stock.

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.