Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 267.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,353 shares of the scientific and technical instruments company's stock after acquiring an additional 21,371 shares during the period. Worldquant Millennium Advisors LLC owned about 0.06% of Teledyne Technologies worth $12,847,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wolff Wiese Magana LLC purchased a new position in Teledyne Technologies during the third quarter valued at approximately $27,000. American National Bank purchased a new position in shares of Teledyne Technologies during the 2nd quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new position in shares of Teledyne Technologies in the 3rd quarter valued at $32,000. Innealta Capital LLC purchased a new stake in Teledyne Technologies during the second quarter worth $28,000. Finally, Tortoise Investment Management LLC grew its position in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company's stock valued at $29,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Insider Transactions at Teledyne Technologies

In related news, 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 value of $22,453,729.75. Following the completion of the sale, the chairman now owns 171,802 shares of the company's stock, valued at approximately $83,724,268.66. This trade represents a 21.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.14% of the company's stock.

Teledyne Technologies Price Performance

TDY stock traded down $3.17 during trading on Friday, hitting $473.55. The stock had a trading volume of 255,053 shares, compared to its average volume of 244,530. The company's 50-day moving average price is $464.41 and its two-hundred day moving average price is $427.42. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $492.00. The stock has a market capitalization of $22.07 billion, a P/E ratio of 23.94, a PEG ratio of 3.32 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.97 by $0.13. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations 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 earnings per share. As a group, research analysts predict that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on TDY. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Needham & Company LLC upped 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. TD Cowen raised their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Bank of America raised Teledyne Technologies from a "neutral" rating to a "buy" rating and upped their target price for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies currently has an average rating of "Buy" and a consensus price target of $517.50.

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.