Invesco Ltd. Raises Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Invesco Ltd. increased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 626,522 shares of the scientific and technical instruments company's stock after acquiring an additional 27,454 shares during the period. Invesco Ltd. owned approximately 1.34% of Teledyne Technologies worth $290,788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its stake 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 during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 valued at $520,335,000 after acquiring an additional 28,224 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Teledyne Technologies by 6.0% in the 3rd 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. Norges Bank purchased a new stake in Teledyne Technologies during the 4th quarter valued at about $306,042,000. Finally, Sei Investments Co. increased its stake in Teledyne Technologies by 5.3% during the 4th quarter. Sei Investments Co. now owns 383,113 shares of the scientific and technical instruments company's stock valued at $177,814,000 after purchasing an additional 19,421 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Teledyne Technologies Stock Performance

TDY stock traded down $2.81 during midday trading on Wednesday, reaching $465.81. 44,141 shares of the company's stock traded hands, compared to its average volume of 274,371. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $522.50. The stock has a market cap of $21.82 billion, a P/E ratio of 27.03, a PEG ratio of 3.14 and a beta of 1.03. The stock's 50-day moving average is $489.18 and its 200 day moving average is $477.81.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results 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 company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same period last year, the firm earned $5.44 EPS. Teledyne Technologies's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Activity at Teledyne Technologies

In related news, Director Michael T. Smith sold 2,100 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $510.50, for a total transaction of $1,072,050.00. Following the completion of the sale, the director now owns 52,835 shares in the company, valued at approximately $26,972,267.50. This trade represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert Mehrabian sold 5,768 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $518.22, for a total value of $2,989,092.96. Following the completion of the transaction, the chairman now directly owns 144,553 shares in the company, valued at approximately $74,910,255.66. This represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,571 shares of company stock worth $17,709,721. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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