Aviva PLC Buys 15,671 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Aviva PLC increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 126.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,016 shares of the scientific and technical instruments company's stock after buying an additional 15,671 shares during the quarter. Aviva PLC owned about 0.06% of Teledyne Technologies worth $13,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Teledyne Technologies during the third quarter worth approximately $39,000. Millstone Evans Group LLC bought a new stake in Teledyne Technologies during the 4th quarter valued at $42,000. Newbridge Financial Services Group Inc. acquired a new position in Teledyne Technologies during the fourth quarter worth $46,000. Tortoise Investment Management LLC grew its holdings in shares of Teledyne Technologies by 63.2% during the fourth quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company's stock valued at $58,000 after buying an additional 48 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Teledyne Technologies by 43.0% during the fourth quarter. Private Trust Co. NA now owns 173 shares of the scientific and technical instruments company's stock worth $80,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of the firm'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 completion of the sale, the vice president now directly owns 4,962 shares of the company's stock, valued at $2,522,383.08. This trade represents a 53.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO George C. Bobb III sold 6,308 shares of the company's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $507.77, for a total value of $3,203,013.16. Following the transaction, the chief operating officer now directly owns 10,482 shares in the company, valued at $5,322,445.14. This represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,571 shares of company stock worth $17,709,721 in the last quarter. Insiders own 1.50% of the company's stock.

Teledyne Technologies Stock Performance

Teledyne Technologies stock traded up $5.70 during mid-day trading on Friday, reaching $464.63. 247,216 shares of the company's stock were exchanged, compared to its average volume of 258,312. The firm has a market capitalization of $21.76 billion, a PE ratio of 26.97, a P/E/G ratio of 3.14 and a beta of 1.03. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The business's fifty day simple moving average is $490.99 and its 200 day simple moving average is $477.66. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping analysts' consensus estimates of $5.23 by $0.29. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm earned $5.44 EPS. The firm's quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Wall Street Analyst Weigh In

TDY has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $585.00 price target on shares of Teledyne Technologies in a research report on Wednesday, February 5th. StockNews.com cut Teledyne Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Finally, Bank of America increased their price target on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $548.00.

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.