May Hill Capital LLC Buys New Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

May Hill Capital LLC purchased a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 513 shares of the scientific and technical instruments company’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its holdings in Teledyne Technologies by 12.6% in the third quarter. Glenmede Trust Co. NA now owns 1,792 shares of the scientific and technical instruments company’s stock valued at $784,000 after buying an additional 201 shares during the last quarter. Public Sector Pension Investment Board raised its position 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 acquiring an additional 100 shares in the last quarter. Captrust Financial Advisors lifted its stake in Teledyne Technologies by 1.7% during the third 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 acquired a new position in Teledyne Technologies in the third quarter valued at approximately $486,000. Finally, Benjamin Edwards Inc. increased its stake in Teledyne Technologies by 1,030.2% in the third quarter. Benjamin Edwards Inc. now owns 1,085 shares of the scientific and technical instruments company’s stock valued at $475,000 after purchasing an additional 989 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total value of $1,924,222.00. Following the sale, the insider now owns 51,324 shares of the company’s stock, valued at approximately $26,691,559.44. The trade was a 6.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Cynthia Y. Belak sold 5,745 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 4,962 shares in the company, valued at $2,522,383.08. This represents a 53.66 % decrease in their position. 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 three months. Insiders own 1.50% of the company’s stock.

Teledyne Technologies Trading Up 0.2 %

NYSE TDY opened at $498.77 on Wednesday. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The firm has a market cap of $23.36 billion, a PE ratio of 28.95, a P/E/G ratio of 3.14 and a beta of 1.03. The firm’s fifty day moving average is $501.88 and its two-hundred day moving average is $476.20. 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 posted its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the business earned $5.44 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TDY has been the topic of a number of recent analyst reports. UBS Group began coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $585.00 price objective on shares of Teledyne Technologies in a report on Wednesday, February 5th. Finally, Bank of America boosted their target price on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a report on Monday, March 17th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies presently has an average rating of “Buy” and a consensus target price of $548.00.

Teledyne Technologies Company 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.