Marshall Wace LLP Invests $10.55 Million in Teledyne Technologies Incorporated (NYSE:TDY)

Marshall Wace LLP bought a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 22,737 shares of the scientific and technical instruments company's stock, valued at approximately $10,553,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Teledyne Technologies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,612,484 shares of the scientific and technical instruments company's stock valued at $2,604,922,000 after purchasing an additional 46,479 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Teledyne Technologies by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company's stock valued at $503,338,000 after acquiring an additional 64,617 shares in the last quarter. Norges Bank purchased a new position in Teledyne Technologies during the 4th quarter worth $306,042,000. Invesco Ltd. grew its stake in shares of Teledyne Technologies by 4.6% in the 4th quarter. Invesco Ltd. now owns 626,522 shares of the scientific and technical instruments company's stock worth $290,788,000 after acquiring an additional 27,454 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Teledyne Technologies by 5.3% in the fourth quarter. Sei Investments Co. now owns 383,113 shares of the scientific and technical instruments company's stock valued at $177,814,000 after purchasing an additional 19,421 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Stock Performance

TDY traded up $10.87 during trading hours on Thursday, hitting $459.39. The stock had a trading volume of 424,843 shares, compared to its average volume of 258,939. Teledyne Technologies Incorporated has a 1 year low of $361.46 and a 1 year high of $522.50. The company's fifty day simple moving average is $483.69 and its 200 day simple moving average is $478.30. The stock has a market cap of $21.52 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating analysts' consensus estimates of $4.92 by $0.03. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the prior year, the company posted $4.55 EPS. Equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

TDY has been the topic of several recent analyst reports. TD Securities reissued a "buy" rating and set a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday. Needham & Company LLC dropped their price target on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday. 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 note on Monday, March 17th. Finally, StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, April 16th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $542.50.

Insider Buying and Selling

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the completion of the transaction, the insider now directly owns 51,324 shares in the company, valued at $26,691,559.44. The trade was a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the completion of the sale, the executive vice president now directly owns 26,529 shares in the company, valued at approximately $13,794,018.84. The trade was a 2.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,571 shares of company stock valued at $17,709,721. Corporate insiders own 1.50% of the company's stock.

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.