Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 88.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,877 shares of the scientific and technical instruments company’s stock after selling 14,523 shares during the period. Jane Street Group LLC’s holdings in Teledyne Technologies were worth $871,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Quarry LP purchased a new stake in shares of Teledyne Technologies during the 4th quarter valued at about $28,000. Hurley Capital LLC acquired a new position in Teledyne Technologies during the 4th quarter worth $33,000. Millstone Evans Group LLC acquired a new position in Teledyne Technologies during the 4th quarter worth $42,000. Newbridge Financial Services Group Inc. acquired a new position in Teledyne Technologies during the 4th quarter worth $46,000. Finally, Tortoise Investment Management LLC raised its stake in shares of Teledyne Technologies by 63.2% in the 4th quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company’s stock worth $58,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Needham & Company LLC dropped their price objective on Teledyne Technologies from $585.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Bank of America boosted their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Finally, TD Securities reaffirmed a “buy” rating and set a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $542.50.

Insider Activity at Teledyne Technologies

In other news, 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 sale, the insider now owns 51,324 shares in the company, valued at approximately $26,691,559.44. This represents a 6.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the sale, the executive vice president now owns 26,529 shares of the company’s stock, valued at approximately $13,794,018.84. This trade represents a 2.59% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Teledyne Technologies Stock Down 0.4%

NYSE:TDY opened at $486.30 on Friday. The firm has a market capitalization of $22.79 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 3.14 and a beta of 1.06. Teledyne Technologies Incorporated has a 1-year low of $380.63 and a 1-year high of $522.50. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average price is $477.79 and its 200 day moving average price is $482.18.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share for the quarter, beating the consensus estimate of $4.92 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.55 earnings per share. On average, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

About Teledyne Technologies

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.