Jane Street Group LLC Increases Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Jane Street Group LLC raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 31.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,400 shares of the scientific and technical instruments company's stock after purchasing an additional 3,944 shares during the quarter. Jane Street Group LLC's holdings in Teledyne Technologies were worth $7,178,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in Teledyne Technologies by 17.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company's stock worth $480,355,000 after acquiring an additional 186,849 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Teledyne Technologies by 44,457.2% in the 3rd quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company's stock worth $32,372,000 after purchasing an additional 73,799 shares during the period. Millennium Management LLC increased its position in shares of Teledyne Technologies by 88.4% during the 2nd quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company's stock valued at $49,565,000 after purchasing an additional 59,942 shares during the last quarter. State Street Corp raised its holdings in Teledyne Technologies by 1.9% during the 3rd quarter. State Street Corp now owns 2,040,896 shares of the scientific and technical instruments company's stock valued at $893,219,000 after buying an additional 37,884 shares during the period. Finally, Distillate Capital Partners LLC bought a new stake in Teledyne Technologies in the second quarter worth $14,529,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TDY has been the topic of several recent analyst reports. StockNews.com raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. Bank of America upgraded Teledyne Technologies from a "neutral" rating to a "buy" rating and boosted their target price for the company from $450.00 to $550.00 in a research report on Friday, November 8th. Needham & Company LLC increased their price target on Teledyne Technologies from $528.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, November 11th. UBS Group began coverage on Teledyne Technologies in a report on Tuesday, December 10th. They set a "buy" rating and a $585.00 price objective for the company. Finally, TD Cowen upped their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies has a consensus rating of "Buy" and a consensus target price of $531.00.

Insider Activity at Teledyne Technologies

In related news, Director Michael T. Smith sold 2,025 shares of Teledyne Technologies stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the completion of the sale, the director now owns 54,935 shares of the company's stock, valued at $26,272,663.75. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Robert Mehrabian sold 46,075 shares of the stock in a transaction that occurred 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 completion of the transaction, the chairman now owns 171,802 shares in the company, valued at approximately $83,724,268.66. This trade represents a 21.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,025 shares of company stock valued at $25,347,399 in the last three months. 2.14% of the stock is owned by insiders.

Teledyne Technologies Stock Down 0.8 %

TDY stock traded down $3.91 during trading on Friday, reaching $475.05. 176,083 shares of the company traded hands, compared to its average volume of 249,090. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $492.00. The company has a market capitalization of $22.14 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 3.30 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. The business has a 50 day simple moving average of $467.79 and a 200 day simple moving average of $430.25.

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