Versor Investments LP Takes Position in Teledyne Technologies Incorporated (NYSE:TDY)

Versor Investments LP acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,802 shares of the scientific and technical instruments company’s stock, valued at approximately $836,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TDY. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Teledyne Technologies by 37.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,114 shares of the scientific and technical instruments company’s stock valued at $1,357,000 after buying an additional 850 shares during the last quarter. Diversify Wealth Management LLC increased its position in Teledyne Technologies by 6.5% in the third quarter. Diversify Wealth Management LLC now owns 2,945 shares of the scientific and technical instruments company’s stock worth $1,384,000 after purchasing an additional 180 shares during the last quarter. Congress Asset Management Co. increased its position in Teledyne Technologies by 0.7% in the third quarter. Congress Asset Management Co. now owns 274,769 shares of the scientific and technical instruments company’s stock worth $120,255,000 after purchasing an additional 1,805 shares during the last quarter. Rice Hall James & Associates LLC increased its position in Teledyne Technologies by 7.2% in the third quarter. Rice Hall James & Associates LLC now owns 1,784 shares of the scientific and technical instruments company’s stock worth $781,000 after purchasing an additional 120 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new stake in Teledyne Technologies in the third quarter worth $217,000. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Finally, Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teledyne Technologies has an average rating of “Buy” and a consensus price target of $538.00.

Insider Activity

In other news, Director Michael T. Smith sold 2,025 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $478.25, for a total transaction of $968,456.25. Following the completion of the sale, the director now directly owns 54,935 shares of the company’s stock, valued at approximately $26,272,663.75. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert Mehrabian sold 5,768 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $518.22, for a total transaction of $2,989,092.96. Following the sale, the chairman now directly owns 144,553 shares of the company’s stock, valued at $74,910,255.66. This represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,190 shares of company stock valued at $16,386,864. 1.88% of the stock is currently owned by company insiders.

Teledyne Technologies Stock Down 0.1 %

NYSE TDY opened at $500.73 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average of $487.08 and a two-hundred day moving average of $463.14. The firm has a market capitalization of $23.45 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $522.50.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.23 by $0.29. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.44 earnings per share. On average, analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

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.