O Shaughnessy Asset Management LLC Buys 845 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

O Shaughnessy Asset Management LLC boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 118.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,559 shares of the scientific and technical instruments company's stock after acquiring an additional 845 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Teledyne Technologies were worth $724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in Teledyne Technologies during the 3rd quarter valued at about $39,000. Millstone Evans Group LLC bought a new position in Teledyne Technologies in the fourth quarter valued at approximately $42,000. Newbridge Financial Services Group Inc. acquired a new stake in Teledyne Technologies during the 4th quarter worth $46,000. Tortoise Investment Management LLC lifted 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 purchasing an additional 48 shares during the period. Finally, Private Trust Co. NA boosted its position 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 purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Insider Buying and Selling

In other news, VP Cynthia Y. Belak sold 5,745 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the completion of the sale, the vice president now owns 4,962 shares in the company, valued at $2,522,383.08. The trade was a 53.66 % 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, COO George C. Bobb III sold 6,308 shares of Teledyne Technologies stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $507.77, for a total value of $3,203,013.16. Following the sale, the chief operating officer now directly owns 10,482 shares of the company's stock, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,571 shares of company stock valued at $17,709,721. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

TDY has been the topic of several analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $585.00 target price on shares of Teledyne Technologies in a research note on Wednesday, February 5th. StockNews.com lowered shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Finally, Bank of America upped their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $548.00.

Teledyne Technologies Stock Up 1.4 %

TDY traded up $6.64 during trading on Monday, hitting $471.44. The company had a trading volume of 10,512 shares, compared to its average volume of 273,163. The firm's 50-day moving average price is $490.99 and its 200 day moving average price is $477.66. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The company has a market capitalization of $22.08 billion, a PE ratio of 27.36, a PEG 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 released its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the business posted $5.44 EPS. The business's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current 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.