Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,316,360 shares of the scientific and technical instruments company's stock after buying an additional 20,165 shares during the quarter. Teledyne Technologies makes up approximately 1.4% of Kayne Anderson Rudnick Investment Management LLC's investment portfolio, making the stock its 17th biggest holding. Kayne Anderson Rudnick Investment Management LLC owned about 2.82% of Teledyne Technologies worth $610,962,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TDY. Hurley Capital LLC purchased a new position in shares of Teledyne Technologies in the 4th quarter valued at $33,000. Wilmington Savings Fund Society FSB bought a new stake in Teledyne Technologies during the third quarter valued at about $39,000. Millstone Evans Group LLC purchased a new position in Teledyne Technologies in the fourth quarter valued at about $42,000. Newbridge Financial Services Group Inc. bought a new position in Teledyne Technologies in the fourth quarter worth about $46,000. Finally, Tortoise Investment Management LLC lifted its position 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. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Stock Performance

TDY traded up $7.32 on Tuesday, reaching $460.67. 345,911 shares of the stock were exchanged, compared to its average volume of 260,258. 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 company's 50-day moving average price is $484.49 and its 200 day moving average price is $478.50. The firm has a market capitalization of $21.58 billion, a PE ratio of 26.74, a PEG ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released 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 firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted $5.44 earnings per share. The company's revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TDY. Needham & Company LLC reaffirmed a "buy" rating and issued a $585.00 price objective on shares of Teledyne Technologies in a research report on Wednesday, February 5th. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, April 16th. Finally, Bank of America raised their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $548.00.

Insider Activity

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the completion of the transaction, the vice president now owns 4,962 shares in the company, valued at approximately $2,522,383.08. This trade represents a 53.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO George C. Bobb III sold 6,308 shares of the company's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the sale, the chief operating officer now owns 10,482 shares in the company, valued at $5,322,445.14. The trade was a 37.57 % 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 ninety days. Insiders own 1.50% of the company's stock.

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.