1,110 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Purchased by Paloma Partners Management Co

Paloma Partners Management Co acquired a new position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,110 shares of the scientific and technical instruments company's stock, valued at approximately $486,000.

A number of other institutional investors have also made changes to their positions in the business. Cetera Investment Advisers increased its holdings in shares of Teledyne Technologies by 345.9% in the first quarter. Cetera Investment Advisers now owns 8,708 shares of the scientific and technical instruments company's stock valued at $3,739,000 after purchasing an additional 6,755 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Teledyne Technologies by 146.3% in the first quarter. Cetera Advisors LLC now owns 1,441 shares of the scientific and technical instruments company's stock valued at $619,000 after purchasing an additional 856 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Teledyne Technologies by 51.1% in the second quarter. GAMMA Investing LLC now owns 414 shares of the scientific and technical instruments company's stock valued at $161,000 after purchasing an additional 140 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Teledyne Technologies by 32.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 140 shares of the scientific and technical instruments company's stock valued at $54,000 after purchasing an additional 34 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Teledyne Technologies by 8.7% in the second quarter. CWM LLC now owns 674 shares of the scientific and technical instruments company's stock valued at $261,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

Insider Activity at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 3,925 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the sale, the chairman now owns 171,802 shares of the company's stock, valued at $84,268,881. The trade was a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.14% of the stock is owned by corporate insiders.

Teledyne Technologies Stock Down 0.5 %

Shares of TDY stock traded down $2.17 on Thursday, reaching $476.72. 189,891 shares of the company were exchanged, compared to its average volume of 241,342. The company has a market cap of $22.22 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 3.32 and a beta of 1.01. The company has a 50-day moving average of $462.84 and a 200-day moving average of $426.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $492.00.

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

Wall Street Analyst Weigh In

TDY has been the topic of several research reports. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Bank of America upgraded shares of Teledyne Technologies from a "neutral" rating to a "buy" rating and upped their price objective for the company from $450.00 to $550.00 in a report on Friday, November 8th. TD Cowen upped their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Needham & Company LLC upped their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $517.50.

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.