Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 141.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,926 shares of the scientific and technical instruments company’s stock after buying an additional 78,411 shares during the period. Teledyne Technologies accounts for about 0.4% of Schonfeld Strategic Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Schonfeld Strategic Advisors LLC’s holdings in Teledyne Technologies were worth $62,159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Paloma Partners Management Co grew its stake in Teledyne Technologies by 350.5% in the 4th quarter. Paloma Partners Management Co now owns 5,000 shares of the scientific and technical instruments company’s stock valued at $2,321,000 after buying an additional 3,890 shares during the last quarter. AQR Capital Management LLC grew its holdings in Teledyne Technologies by 196.7% during the fourth quarter. AQR Capital Management LLC now owns 25,551 shares of the scientific and technical instruments company’s stock valued at $11,859,000 after purchasing an additional 16,939 shares during the period. Lido Advisors LLC boosted its holdings in shares of Teledyne Technologies by 12.8% in the fourth quarter. Lido Advisors LLC now owns 2,761 shares of the scientific and technical instruments company’s stock valued at $1,281,000 after buying an additional 314 shares during the period. Northern Trust Corp boosted its holdings in Teledyne Technologies by 16.6% during the fourth quarter. Northern Trust Corp now owns 536,874 shares of the scientific and technical instruments company’s stock worth $249,180,000 after purchasing an additional 76,552 shares during the last quarter. Finally, Quarry LP bought a new stake in Teledyne Technologies during the fourth quarter worth $28,000. 91.58% of the stock is currently owned by institutional investors.

Insider Activity at Teledyne Technologies

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 51,324 shares of the company’s stock, valued at approximately $26,691,559.44. This represents a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Melanie Susan Cibik sold 2,699 shares of the 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 transaction, the executive vice president now directly owns 27,235 shares in the company, valued at approximately $13,890,667.05. This represents a 9.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,880 shares of company stock worth $9,212,200 in the last three months. Insiders own 1.50% of the company’s stock.

Teledyne Technologies Stock Up 1.1 %

Shares of TDY opened at $463.84 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12 month low of $375.94 and a 12 month high of $522.50. The stock’s 50 day moving average is $481.55 and its two-hundred day moving average is $479.10. The firm has a market cap of $21.73 billion, a P/E ratio of 26.92, a PEG ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating analysts’ consensus estimates of $4.92 by $0.03. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.55 earnings per share. Analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Monday. TD Securities reaffirmed a “buy” rating and set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Bank of America increased 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. Finally, Needham & Company LLC decreased their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $542.50.

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.