Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 54.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,744 shares of the scientific and technical instruments company's stock after purchasing an additional 971 shares during the quarter. Sterling Capital Management LLC's holdings in Teledyne Technologies were worth $1,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in Teledyne Technologies by 8.5% in the fourth quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company's stock valued at $13,166,000 after purchasing an additional 2,224 shares during the last quarter. Amundi increased its stake in Teledyne Technologies by 11.9% during the 4th quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company's stock worth $57,687,000 after buying an additional 13,244 shares in the last quarter. Covea Finance raised its position in shares of Teledyne Technologies by 25.1% in the fourth quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company's stock valued at $9,932,000 after buying an additional 4,300 shares during the last quarter. ING Groep NV lifted its stake in Teledyne Technologies by 144.9% in the 4th quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company's stock worth $2,763,000 after purchasing an additional 3,522 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in 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 valued at $503,338,000 after buying an additional 64,617 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Teledyne Technologies Stock Up 0.3 %

Shares of TDY traded up $1.41 during mid-day trading on Friday, reaching $462.30. 224,118 shares of the stock traded hands, compared to its average volume of 259,245. The firm has a market cap 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. The stock has a fifty day simple moving average of $487.20 and a 200 day simple moving average of $477.87. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50.

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

Insiders Place Their Bets

In other Teledyne Technologies news, COO George C. Bobb III sold 6,308 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the transaction, the chief operating officer now owns 10,482 shares in the company, valued at approximately $5,322,445.14. This represents a 37.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the sale, the vice president now owns 4,962 shares in the company, valued at approximately $2,522,383.08. This represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,571 shares of company stock valued at $17,709,721. Company 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.