5,096 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Acquired by Trexquant Investment LP

Trexquant Investment LP acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,096 shares of the scientific and technical instruments company's stock, valued at approximately $2,365,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDY. May Hill Capital LLC acquired a new stake in shares of Teledyne Technologies during the fourth quarter valued at about $238,000. Franklin Resources Inc. increased its holdings in Teledyne Technologies by 2.1% in the fourth quarter. Franklin Resources Inc. now owns 2,626 shares of the scientific and technical instruments company's stock valued at $1,219,000 after purchasing an additional 53 shares during the period. Alliancebernstein L.P. grew its position in shares of Teledyne Technologies by 17.8% in the 4th quarter. Alliancebernstein L.P. now owns 63,580 shares of the scientific and technical instruments company's stock valued at $29,509,000 after buying an additional 9,594 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in shares of Teledyne Technologies by 12.2% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 165,190 shares of the scientific and technical instruments company's stock worth $76,670,000 after acquiring an additional 17,909 shares during the period. Finally, Wellington Management Group LLP boosted its position in Teledyne Technologies by 5.8% during the fourth quarter. Wellington Management Group LLP now owns 7,725 shares of the scientific and technical instruments company's stock valued at $3,585,000 after acquiring an additional 424 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

Insiders Place Their Bets

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 5,768 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $518.22, for a total value of $2,989,092.96. Following the completion of the sale, the chairman now directly owns 144,553 shares of the company's stock, valued at $74,910,255.66. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the business's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the sale, the vice president now owns 4,962 shares in the company, valued at approximately $2,522,383.08. The trade was a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,571 shares of company stock valued at $17,709,721. Insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

TDY has been the topic of a number of research reports. Needham & Company LLC reiterated a "buy" rating and set a $585.00 target price on shares of Teledyne Technologies in a research report 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 boosted their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $548.00.

Teledyne Technologies Stock Up 1.2 %

TDY traded up $5.70 during mid-day trading on Friday, reaching $464.63. 247,216 shares of the stock were exchanged, compared to its average volume of 257,935. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $522.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The stock has a market capitalization of $21.76 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The company has a 50 day moving average price of $490.99 and a two-hundred day moving average price of $477.37.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 $1.45 billion. During the same period in the prior year, the firm posted $5.44 EPS. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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.