Townsquare Capital LLC Has $10.16 Million Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Townsquare Capital LLC raised its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 6.4% in the third quarter, Holdings Channel reports. The institutional investor owned 23,221 shares of the scientific and technical instruments company’s stock after buying an additional 1,398 shares during the quarter. Townsquare Capital LLC’s holdings in Teledyne Technologies were worth $10,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its holdings in Teledyne Technologies by 21.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 767 shares of the scientific and technical instruments company’s stock valued at $329,000 after purchasing an additional 133 shares during the period. Silvercrest Asset Management Group LLC grew its position in Teledyne Technologies by 14.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 5,951 shares of the scientific and technical instruments company’s stock worth $2,555,000 after buying an additional 744 shares in the last quarter. California State Teachers Retirement System increased its stake in Teledyne Technologies by 1.2% during the first quarter. California State Teachers Retirement System now owns 75,567 shares of the scientific and technical instruments company’s stock valued at $32,442,000 after acquiring an additional 919 shares during the period. Tidal Investments LLC lifted its position in shares of Teledyne Technologies by 131.5% in the 1st quarter. Tidal Investments LLC now owns 3,737 shares of the scientific and technical instruments company’s stock worth $1,604,000 after acquiring an additional 2,123 shares during the period. Finally, Swedbank AB acquired a new stake in shares of Teledyne Technologies during the 1st quarter worth approximately $6,953,000. 91.58% of the stock is owned by institutional investors.

Insider Buying and Selling at Teledyne Technologies

In other news, Chairman Robert Mehrabian sold 46,075 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $487.33, for a total value of $22,453,729.75. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.88% of the company’s stock.

Teledyne Technologies Stock Up 1.4 %

TDY opened at $485.68 on Thursday. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $492.00. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 3.31 and a beta of 1.01. The firm’s 50-day simple moving average is $458.07 and its 200-day simple moving average is $423.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00.

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

Wall Street Analysts Forecast Growth

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