Allianz SE Acquires New Position in Teledyne Technologies Incorporated (NYSE:TDY)

Allianz SE acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,218 shares of the scientific and technical instruments company's stock, valued at approximately $1,497,000.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Teledyne Technologies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,612,484 shares of the scientific and technical instruments company's stock worth $2,604,922,000 after buying an additional 46,479 shares in the last quarter. State Street Corp lifted 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 valued at $893,219,000 after purchasing an additional 37,884 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Teledyne Technologies by 0.6% in the third quarter. Janus Henderson Group PLC now owns 1,709,475 shares of the scientific and technical instruments company's stock valued at $748,167,000 after purchasing an additional 9,368 shares during the last quarter. Geode Capital Management LLC increased its position in Teledyne Technologies by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,192,019 shares of the scientific and technical instruments company's stock worth $520,335,000 after buying an additional 28,224 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Teledyne Technologies by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company's stock valued at $503,338,000 after acquiring an additional 64,617 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

TDY has been the topic of a number of recent research reports. UBS Group assumed coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They issued a "buy" rating and a $585.00 target price on the stock. Bank of America raised their target price 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, Needham & Company LLC reiterated a "buy" rating and issued a $585.00 price target on shares of Teledyne Technologies in a report on Wednesday, February 5th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $548.00.

Teledyne Technologies Trading Up 0.4 %

TDY stock traded up $1.83 on Wednesday, hitting $500.16. 206,940 shares of the company were exchanged, compared to its average volume of 254,643. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The stock has a market capitalization of $23.43 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50. The business's fifty day moving average is $501.88 and its two-hundred day moving average is $476.20.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping analysts' consensus estimates of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business 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 firm posted $5.44 EPS. The business's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Insider Activity

In other news, EVP Melanie Susan Cibik sold 706 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the transaction, the executive vice president now owns 26,529 shares of the company's stock, valued at approximately $13,794,018.84. This trade represents a 2.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the business's stock in a transaction dated 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 owns 4,962 shares in the company, valued at approximately $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 34,571 shares of company stock valued at $17,709,721 in the last three months. Corporate insiders own 1.50% of the company's stock.

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.