Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by Barclays PLC

Barclays PLC increased its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,490 shares of the scientific and technical instruments company's stock after buying an additional 4,765 shares during the quarter. Barclays PLC owned about 0.22% of Teledyne Technologies worth $44,854,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Verition Fund Management LLC grew its position in Teledyne Technologies by 240.5% in the third quarter. Verition Fund Management LLC now owns 36,524 shares of the scientific and technical instruments company's stock valued at $15,985,000 after acquiring an additional 25,796 shares in the last quarter. National Bank of Canada FI increased its stake in 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 buying an additional 36,867 shares during the period. Royal London Asset Management Ltd. lifted its holdings in Teledyne Technologies by 11.7% in the 2nd quarter. Royal London Asset Management Ltd. now owns 20,498 shares of the scientific and technical instruments company's stock worth $7,953,000 after buying an additional 2,152 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in Teledyne Technologies in the 3rd quarter valued at about $5,208,000. Finally, Bank of Montreal Can grew its stake in shares of Teledyne Technologies by 14.2% during the second quarter. Bank of Montreal Can now owns 38,115 shares of the scientific and technical instruments company's stock valued at $14,922,000 after acquiring an additional 4,731 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Michael T. Smith sold 2,025 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $478.25, for a total value of $968,456.25. Following the completion of the transaction, the director now owns 54,935 shares in the company, valued at approximately $26,272,663.75. This represents a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert Mehrabian sold 3,925 shares of Teledyne Technologies stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $490.50, for a total value of $1,925,212.50. Following the sale, the chairman now directly owns 171,802 shares in the company, valued at approximately $84,268,881. This trade represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,025 shares of company stock valued at $25,347,399 over the last three months. Company insiders own 2.14% of the company's stock.

Teledyne Technologies Stock Performance

Shares of NYSE TDY traded down $3.91 during midday trading on Friday, hitting $475.05. The company's stock had a trading volume of 172,525 shares, compared to its average volume of 241,941. The firm has a market cap of $22.14 billion, a P/E ratio of 24.02, a P/E/G ratio of 3.29 and a beta of 1.01. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $492.00. The firm's fifty day moving average price is $467.11 and its 200-day moving average price is $429.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.97 by $0.13. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The business's revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $5.05 earnings per share. On average, sell-side analysts forecast that Teledyne Technologies Incorporated will post 19.45 EPS for the current fiscal year.

Analyst Ratings Changes

TDY has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Needham & Company LLC upped their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a "buy" rating in a report on Monday, November 11th. StockNews.com raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Bank of America raised shares of Teledyne Technologies from a "neutral" rating to a "buy" rating and increased their price target for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Finally, UBS Group initiated coverage on Teledyne Technologies in a report on Tuesday. They issued a "buy" rating and a $585.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $531.00.

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.