Running Oak Capital LLC Buys 1,649 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Running Oak Capital LLC increased its stake in Teledyne Technologies Incorporated (NYSE:TDY) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,402 shares of the scientific and technical instruments company’s stock after buying an additional 1,649 shares during the quarter. Teledyne Technologies comprises approximately 1.8% of Running Oak Capital LLC’s holdings, making the stock its 23rd largest holding. Running Oak Capital LLC owned approximately 0.07% of Teledyne Technologies worth $14,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Teledyne Technologies by 44,457.2% in the 3rd quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company’s stock worth $32,372,000 after acquiring an additional 73,799 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Teledyne Technologies by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after purchasing an additional 64,617 shares during the last quarter. Millennium Management LLC grew its stake in shares of Teledyne Technologies by 88.4% during the second quarter. Millennium Management LLC now owns 127,752 shares of the scientific and technical instruments company’s stock valued at $49,565,000 after buying an additional 59,942 shares during the last quarter. State Street Corp raised its holdings in shares of Teledyne Technologies by 1.9% in the third quarter. State Street Corp now owns 2,040,896 shares of the scientific and technical instruments company’s stock worth $893,219,000 after buying an additional 37,884 shares during the period. Finally, National Bank of Canada FI lifted its stake in shares of Teledyne Technologies by 217.5% during the 3rd quarter. National Bank of Canada FI now owns 53,819 shares of the scientific and technical instruments company’s stock worth $23,554,000 after acquiring an additional 36,867 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TDY. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. 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 price objective for the company. Needham & Company LLC raised their target price on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $450.00 to $550.00 in a report on Friday, November 8th. Finally, TD Cowen lifted their target price on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $531.00.

Insiders Place Their Bets

In related news, Director Michael T. Smith sold 2,025 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the transaction, the director now directly owns 54,935 shares in the company, valued at $26,272,663.75. The trade was a 3.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert Mehrabian sold 3,925 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $490.50, for a total value of $1,925,212.50. Following the completion of the sale, the chairman now directly owns 171,802 shares of the company’s stock, valued at approximately $84,268,881. This represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,525 shares of company stock valued at $26,080,464. 2.14% of the stock is currently owned by insiders.

Teledyne Technologies Stock Down 0.0 %

Shares of NYSE TDY opened at $515.00 on Friday. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $518.85. The stock’s fifty day simple moving average is $473.74 and its two-hundred day simple moving average is $447.34. The stock has a market capitalization of $24.00 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. The company has a current ratio of 2.33, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results 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 net margin of 14.45% and a return on equity of 9.94%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1,451,400 billion. During the same period in the prior year, the firm posted $5.44 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts expect that Teledyne Technologies Incorporated will post 21.3 EPS for the current fiscal year.

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.