1,361 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Acquired by Walleye Capital LLC

Walleye Capital LLC purchased a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,361 shares of the scientific and technical instruments company's stock, valued at approximately $632,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hurley Capital LLC purchased a new stake in Teledyne Technologies in the fourth quarter worth approximately $33,000. Wilmington Savings Fund Society FSB bought a new position in Teledyne Technologies during the third quarter valued at $39,000. Millstone Evans Group LLC bought a new position in Teledyne Technologies in the 4th quarter valued at $42,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Teledyne Technologies during the fourth quarter valued at approximately $46,000. Finally, Tortoise Investment Management LLC lifted its stake in Teledyne Technologies by 63.2% in the fourth quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company's stock worth $58,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insider Activity

In related news, EVP Melanie Susan Cibik sold 2,699 shares of Teledyne Technologies stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $510.03, for a total transaction of $1,376,570.97. Following the sale, the executive vice president now directly owns 27,235 shares in the company, valued at $13,890,667.05. The trade was a 9.02 % 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, Vice Chairman Jason Vanwees sold 3,700 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the completion of the transaction, the insider now owns 51,324 shares in the company, valued at approximately $26,691,559.44. The trade was a 6.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,518 shares of company stock valued at $11,586,295 over the last quarter. 1.50% of the stock is owned by company insiders.

Teledyne Technologies Trading Down 0.0 %

Teledyne Technologies stock traded down $0.21 during midday trading on Friday, reaching $458.92. The stock had a trading volume of 314,532 shares, compared to its average volume of 257,460. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. Teledyne Technologies Incorporated has a twelve month low of $372.96 and a twelve month high of $522.50. The firm's fifty day simple moving average is $483.08 and its two-hundred day simple moving average is $478.46. The firm has a market cap of $21.49 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. During the same quarter in the prior year, the business earned $4.55 EPS. Equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. TD Securities restated a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research note on Thursday. Bank of America boosted their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Needham & Company LLC lowered their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday. Finally, StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, April 16th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $542.50.

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.