Rockefeller Capital Management L.P. Increases Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Rockefeller Capital Management L.P. boosted its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 43.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 65,231 shares of the scientific and technical instruments company's stock after purchasing an additional 19,817 shares during the period. Rockefeller Capital Management L.P. owned about 0.14% of Teledyne Technologies worth $30,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. raised its holdings in shares of Teledyne Technologies by 4.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock valued at $232,000 after buying an additional 21 shares in the last quarter. Ironwood Investment Management LLC raised its position in Teledyne Technologies by 0.8% in the 4th quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock worth $1,335,000 after purchasing an additional 22 shares during the period. New York Life Investment Management LLC lifted its stake in Teledyne Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company's stock worth $2,884,000 after purchasing an additional 25 shares during the last quarter. Allworth Financial LP grew its stake in shares of Teledyne Technologies by 15.1% during the fourth quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company's stock valued at $105,000 after buying an additional 27 shares during the last quarter. Finally, Net Worth Advisory Group boosted its holdings in Teledyne Technologies by 1.5% during the 4th quarter. Net Worth Advisory Group now owns 1,802 shares of the scientific and technical instruments company's stock valued at $836,000 after acquiring an additional 27 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

TDY has been the subject of several recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $585.00 price objective on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Bank of America increased 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. Finally, StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies has an average rating of "Buy" and an average price target of $548.00.

Teledyne Technologies Trading Up 0.3 %

Teledyne Technologies stock traded up $1.41 during mid-day trading on Friday, reaching $462.30. 224,118 shares of the company traded hands, compared to its average volume of 258,958. The firm's 50 day moving average price is $487.20 and its 200 day moving average price is $477.87. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $522.50. 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 firm has a market capitalization of $21.65 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 3.14 and a beta of 1.03.

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

Insider Activity at Teledyne Technologies

In other news, 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 sale, the chairman now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the transaction, the executive vice president now owns 26,529 shares of the company's stock, valued at $13,794,018.84. The trade was a 2.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,571 shares of company stock worth $17,709,721 over the last ninety days. 1.50% of the stock is owned by corporate insiders.

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.