Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,221 shares of the scientific and technical instruments company’s stock after buying an additional 1,398 shares during the period. Townsquare Capital LLC’s holdings in Teledyne Technologies were worth $10,163,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TDY. Wolff Wiese Magana LLC bought a new position in Teledyne Technologies during the third quarter valued at about $27,000. American National Bank bought a new stake in Teledyne Technologies during the second quarter worth approximately $28,000. Innealta Capital LLC purchased a new stake in shares of Teledyne Technologies during the second quarter valued at $28,000. Tortoise Investment Management LLC lifted its stake 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 buying an additional 24 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Teledyne Technologies during the third quarter valued at approximately $32,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

Shares of TDY opened at $485.68 on Thursday. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 3.31 and a beta of 1.01. The company’s fifty day moving average is $458.07 and its 200-day moving average is $423.61. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $492.00.

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

Insider Activity

In related news, Chairman Robert Mehrabian sold 46,075 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $487.33, for a total value of $22,453,729.75. Following the transaction, the chairman now directly owns 171,802 shares in the company, valued at approximately $83,724,268.66. This trade represents a 21.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.88% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TDY shares. TD Cowen upped 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. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $450.00 to $550.00 in a report on Friday, November 8th. Needham & Company LLC increased their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $517.50.

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.