2,475 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Purchased by Maven Securities LTD

Maven Securities LTD acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,475 shares of the scientific and technical instruments company’s stock, valued at approximately $1,083,000.

A number of other large investors have also added to or reduced their stakes in the stock. Wolff Wiese Magana LLC purchased a new position in shares of Teledyne Technologies in the third quarter worth about $27,000. American National Bank purchased a new position in shares of Teledyne Technologies in the second quarter worth about $28,000. Innealta Capital LLC purchased a new position in shares of Teledyne Technologies in the second quarter worth about $28,000. Tortoise Investment Management LLC increased its stake in shares of Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 24 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Teledyne Technologies in the third quarter worth about $32,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of Teledyne Technologies stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the transaction, the chairman now directly owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. This trade represents a 21.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.14% of the company’s stock.

Teledyne Technologies Trading Up 0.1 %

Shares of Teledyne Technologies stock opened at $478.89 on Thursday. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $492.00. The firm has a market cap of $22.32 billion, a PE ratio of 24.21, a PEG ratio of 3.32 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The company has a 50 day simple moving average of $462.84 and a two-hundred day simple moving average of $426.47.

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, beating 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 business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business posted $5.05 earnings per share. Teledyne Technologies’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that Teledyne Technologies Incorporated will post 19.45 earnings per share for the current fiscal 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.