513 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Acquired by May Hill Capital LLC

May Hill Capital LLC acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 513 shares of the scientific and technical instruments company’s stock, valued at approximately $238,000.

A number of other institutional investors also recently bought and sold shares of TDY. Glenmede Trust Co. NA increased its holdings in Teledyne Technologies by 12.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,792 shares of the scientific and technical instruments company’s stock valued at $784,000 after acquiring an additional 201 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Teledyne Technologies by 5.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,910 shares of the scientific and technical instruments company’s stock worth $836,000 after purchasing an additional 100 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Teledyne Technologies by 1.7% during the 3rd quarter. Captrust Financial Advisors now owns 7,633 shares of the scientific and technical instruments company’s stock worth $3,341,000 after purchasing an additional 129 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Teledyne Technologies in the 3rd quarter valued at approximately $486,000. Finally, Benjamin Edwards Inc. grew its holdings in Teledyne Technologies by 1,030.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,085 shares of the scientific and technical instruments company’s stock valued at $475,000 after buying an additional 989 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the completion of the transaction, the insider now owns 51,324 shares of the company’s stock, valued at $26,691,559.44. The trade was a 6.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the transaction, the vice president now directly owns 4,962 shares in the company, valued at approximately $2,522,383.08. This represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,571 shares of company stock worth $17,709,721 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Teledyne Technologies Stock Performance

TDY stock opened at $498.77 on Wednesday. The stock has a market capitalization of $23.36 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 3.14 and a beta of 1.03. The stock’s fifty day moving average is $501.88 and its two-hundred day moving average is $476.20. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $522.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings results 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 firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $5.44 earnings per share. On average, research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on TDY shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $585.00 target price on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Bank of America upped their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. Finally, UBS Group initiated coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 price target on the stock. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of “Buy” and a consensus price target of $548.00.

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.