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

Jane Street Group LLC boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 31.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,400 shares of the scientific and technical instruments company’s stock after buying an additional 3,944 shares during the period. Jane Street Group LLC’s holdings in Teledyne Technologies were worth $7,178,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new stake in shares of Teledyne Technologies in the third quarter worth approximately $27,000. American National Bank acquired a new position in shares of Teledyne Technologies in the 2nd quarter valued at $28,000. Innealta Capital LLC purchased a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $28,000. Tortoise Investment Management LLC increased its holdings in shares of Teledyne Technologies by 48.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 24 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Teledyne Technologies in the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance

TDY opened at $475.05 on Friday. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve 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 firm has a market cap of $22.14 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 3.29 and a beta of 1.01. The company has a fifty day simple moving average of $467.79 and a 200 day simple moving average of $429.94.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. TD Cowen boosted their price target on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. UBS Group began coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price for the company. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $450.00 to $550.00 in a research report on Friday, November 8th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC raised 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $531.00.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the sale, the chairman now owns 171,802 shares in the company, valued at $83,724,268.66. This represents a 21.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael T. Smith sold 2,025 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total value of $968,456.25. Following the transaction, the director now directly owns 54,935 shares in the company, valued at approximately $26,272,663.75. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,025 shares of company stock valued at $25,347,399 in the last three months. Corporate insiders own 2.14% 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.