Versor Investments LP Purchases Shares of 1,802 Teledyne Technologies Incorporated (NYSE:TDY)

Versor Investments LP purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,802 shares of the scientific and technical instruments company's stock, valued at approximately $836,000.

Several other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in shares of Teledyne Technologies in the 3rd quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Teledyne Technologies during the third quarter valued at about $39,000. Newbridge Financial Services Group Inc. acquired a new stake in Teledyne Technologies in the 4th quarter worth approximately $46,000. Allworth Financial LP grew its position in Teledyne Technologies by 15.1% during the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company's stock worth $105,000 after purchasing an additional 27 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its stake in Teledyne Technologies by 85.5% during the 4th quarter. Salem Investment Counselors Inc. now owns 230 shares of the scientific and technical instruments company's stock valued at $107,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Stock Up 2.9 %

Teledyne Technologies stock traded up $14.74 during mid-day trading on Friday, hitting $515.60. The company had a trading volume of 443,451 shares, compared to its average volume of 249,204. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $488.76 and a 200 day moving average of $464.52. The stock has a market cap of $24.15 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released 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 firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm earned $5.44 EPS. Teledyne Technologies's revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TDY has been the topic of a number of research analyst reports. UBS Group began coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They set a "buy" rating and a $585.00 price objective on the stock. Bank of America upgraded Teledyne Technologies from a "neutral" rating to a "buy" rating and raised their price target for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $585.00 price target on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $538.00.

Insider Transactions at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 5,007 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $510.33, for a total value of $2,555,222.31. Following the sale, the chairman now directly owns 144,553 shares of the company's stock, valued at approximately $73,769,732.49. This represents a 3.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO George C. Bobb III sold 6,308 shares of the firm's stock in a transaction 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 transaction, the chief operating officer now directly owns 10,482 shares of the company's stock, valued at $5,322,445.14. The trade was a 37.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,190 shares of company stock valued at $16,386,864 in the last ninety days. 2.14% of the stock is currently owned by company insiders.

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.