Running Oak Capital LLC Acquires 1,649 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Running Oak Capital LLC grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,402 shares of the scientific and technical instruments company's stock after buying an additional 1,649 shares during the period. Teledyne Technologies comprises 1.8% of Running Oak Capital LLC's portfolio, making the stock its 23rd largest position. Running Oak Capital LLC owned 0.07% of Teledyne Technologies worth $14,110,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TDY. Wolff Wiese Magana LLC acquired a new stake in shares of Teledyne Technologies during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group bought a new stake in Teledyne Technologies in the third quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Teledyne Technologies during the third quarter valued at $39,000. Quarry LP grew its position in shares of Teledyne Technologies by 706.3% during the second quarter. Quarry LP now owns 129 shares of the scientific and technical instruments company's stock worth $50,000 after acquiring an additional 113 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Teledyne Technologies by 432.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company's stock worth $58,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on TDY. Needham & Company LLC boosted their target price 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. TD Cowen increased their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. UBS Group began coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They set a "buy" rating and a $585.00 target price on the stock. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Finally, Bank of America raised Teledyne Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of "Buy" and an average price target of $531.00.

Insider Activity

In other Teledyne Technologies news, Director Michael T. Smith sold 2,025 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $478.25, for a total value of $968,456.25. Following the completion of the sale, the director now owns 54,935 shares in the company, valued at $26,272,663.75. This represents a 3.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Robert Mehrabian sold 3,925 shares of Teledyne Technologies stock in a transaction on 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 directly owns 171,802 shares of the company's stock, valued at $84,268,881. This trade represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,525 shares of company stock worth $26,080,464. 2.14% of the stock is owned by corporate insiders.

Teledyne Technologies Trading Down 0.0 %

TDY traded down $0.08 during trading on Friday, reaching $515.00. The company had a trading volume of 333,459 shares, compared to its average volume of 194,919. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.33. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $518.85. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 3.24 and a beta of 1.01. The firm's 50-day simple moving average is $473.74 and its 200 day simple moving average is $447.76.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly 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 net margin of 14.45% and a return on equity of 9.94%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1,451,400 billion. During the same quarter in the prior year, the firm earned $5.44 EPS. The firm's quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.3 earnings per share for the current year.

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.