Cramer Rosenthal Mcglynn LLC Has $34.82 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Cramer Rosenthal Mcglynn LLC lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,018 shares of the scientific and technical instruments company's stock after acquiring an additional 8,113 shares during the quarter. Teledyne Technologies accounts for approximately 2.0% of Cramer Rosenthal Mcglynn LLC's investment portfolio, making the stock its 13th biggest holding. Cramer Rosenthal Mcglynn LLC owned approximately 0.16% of Teledyne Technologies worth $34,818,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Teledyne Technologies during the fourth quarter worth $306,042,000. Madison Investment Advisors LLC purchased a new position in shares of Teledyne Technologies in the fourth quarter valued at approximately $94,721,000. Raymond James Financial Inc. acquired a new position in shares of Teledyne Technologies in the fourth quarter valued at approximately $53,304,000. FIL Ltd lifted its holdings in Teledyne Technologies by 72.8% during the 4th quarter. FIL Ltd now owns 260,187 shares of the scientific and technical instruments company's stock worth $120,761,000 after buying an additional 109,615 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of 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 acquiring an additional 64,617 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TDY. StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, April 16th. Bank of America raised their price objective 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 set a $585.00 target price on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $548.00.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, COO George C. Bobb III sold 6,308 shares of the business's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the sale, the chief operating officer now owns 10,482 shares in the company, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Robert Mehrabian sold 5,768 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $518.22, for a total value of $2,989,092.96. Following the completion of the sale, the chairman now owns 144,553 shares of the company's stock, valued at $74,910,255.66. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,571 shares of company stock valued at $17,709,721 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Teledyne Technologies Stock Up 1.6 %

NYSE:TDY traded up $7.32 during mid-day trading on Tuesday, reaching $460.67. The stock had a trading volume of 269,698 shares, compared to its average volume of 260,150. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50. The stock's 50 day simple moving average is $485.26 and its two-hundred day simple moving average is $478.63. The company has a market capitalization of $21.58 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

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

About Teledyne Technologies

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.