Maren Capital LLC Increases Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Maren Capital LLC boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 275,235 shares of the scientific and technical instruments company’s stock after buying an additional 10,598 shares during the quarter. Teledyne Technologies accounts for approximately 9.9% of Maren Capital LLC’s holdings, making the stock its biggest position. Maren Capital LLC owned approximately 0.59% of Teledyne Technologies worth $120,459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC bought a new stake in shares of Teledyne Technologies in the third quarter worth $27,000. American National Bank purchased a new position in shares of Teledyne Technologies during the 2nd quarter worth $28,000. Innealta Capital LLC bought a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $28,000. Tortoise Investment Management LLC lifted 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 purchasing an additional 24 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Teledyne Technologies in the 3rd quarter worth approximately $32,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 0.3 %

Shares of NYSE:TDY opened at $478.52 on Wednesday. The company has a market cap of $22.30 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 3.33 and a beta of 1.01. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $492.00. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $461.93 and a 200 day moving average price of $426.11.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business earned $5.05 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts predict that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current year.

Wall Street Analyst Weigh In

TDY has been the topic of several analyst reports. TD Cowen lifted their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $450.00 to $550.00 in a research report on Friday, November 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Buy” and a consensus target price of $517.50.

Insider Activity

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 3,925 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $490.50, for a total value of $1,925,212.50. Following the transaction, the chairman now owns 171,802 shares of the company’s stock, valued at $84,268,881. This represents a 2.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.88% of the company’s stock.

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.