XTX Topco Ltd Boosts Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

XTX Topco Ltd boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 151.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,334 shares of the scientific and technical instruments company's stock after acquiring an additional 803 shares during the quarter. XTX Topco Ltd's holdings in Teledyne Technologies were worth $619,000 at the end of the most recent quarter.

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

Teledyne Technologies Price Performance

TDY stock traded up $7.32 during trading on Tuesday, reaching $460.67. The company's stock had a trading volume of 345,911 shares, compared to its average volume of 260,158. The company has a market capitalization of $21.58 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. 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 company's fifty day moving average is $485.26 and its 200-day moving average is $478.63. 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 posted its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping analysts' consensus estimates of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the previous year, the firm earned $5.44 EPS. The firm's revenue was up 5.4% compared to the same quarter last year. On average, research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the stock in a transaction on Monday, March 3rd. The shares were 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 $26,691,559.44. This trade represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the business's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction 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. This trade represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,571 shares of company stock worth $17,709,721. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TDY shares. Bank of America increased their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, April 16th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies currently has an average rating of "Buy" and an average price target of $548.00.

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.