GAMMA Investing LLC Makes New Investment in Teledyne Technologies Incorporated (NYSE:TDY)

GAMMA Investing LLC acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 260 shares of the scientific and technical instruments company’s stock, valued at approximately $109,000.

Several other large investors also recently made changes to their positions in TDY. Bruce G. Allen Investments LLC bought a new position in Teledyne Technologies during the 4th quarter worth $28,000. CVA Family Office LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at approximately $31,000. Anchor Investment Management LLC acquired a new position in Teledyne Technologies in the 4th quarter valued at approximately $45,000. Cary Street Partners Investment Advisory LLC acquired a new position in Teledyne Technologies in the 3rd quarter valued at approximately $44,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in shares of Teledyne Technologies by 63.2% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 111 shares of the scientific and technical instruments company’s stock worth $49,000 after buying an additional 43 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, Director Kenneth C. Dahlberg sold 4,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the sale, the director now directly owns 18,735 shares of the company’s stock, valued at approximately $8,110,568.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 4,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the transaction, the director now owns 18,735 shares in the company, valued at $8,110,568.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael T. Smith sold 511 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total transaction of $220,241.00. Following the completion of the sale, the director now directly owns 56,492 shares of the company’s stock, valued at $24,348,052. The disclosure for this sale can be found here. Insiders have sold 6,711 shares of company stock worth $2,890,621 in the last quarter. Company insiders own 1.88% of the company’s stock.

Teledyne Technologies Stock Down 0.6 %

Shares of Teledyne Technologies stock opened at $374.64 on Monday. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $416.42 and its two-hundred day simple moving average is $414.43. The company has a market cap of $17.75 billion, a P/E ratio of 20.26, a PEG ratio of 2.40 and a beta of 1.02. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.53 EPS. Research analysts anticipate that Teledyne Technologies Incorporated will post 20.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TDY shares. TD Cowen decreased their price objective on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday. Bank of America lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $490.00 to $400.00 in a research note on Friday. StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Needham & Company LLC decreased their price objective on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and an average price target of $470.83.

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.