UniSuper Management Pty Ltd Has $2.50 Million Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

UniSuper Management Pty Ltd raised its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,391 shares of the scientific and technical instruments company's stock after purchasing an additional 683 shares during the period. UniSuper Management Pty Ltd's holdings in Teledyne Technologies were worth $2,502,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Stratos Wealth Partners LTD. increased its position in Teledyne Technologies by 4.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock worth $232,000 after acquiring an additional 21 shares during the period. Ironwood Investment Management LLC raised its holdings 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 valued at $1,335,000 after acquiring an additional 22 shares in the last quarter. New York Life Investment Management LLC lifted its position in shares of Teledyne Technologies by 0.4% in the 4th 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 acquiring an additional 25 shares during the period. Allworth Financial LP grew its holdings in shares of Teledyne Technologies by 15.1% during the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company's stock worth $105,000 after purchasing an additional 27 shares in the last quarter. Finally, Net Worth Advisory Group increased its position in shares of Teledyne Technologies by 1.5% during the fourth quarter. Net Worth Advisory Group now owns 1,802 shares of the scientific and technical instruments company's stock valued at $836,000 after purchasing an additional 27 shares during the period. Institutional investors own 91.58% of the company's stock.

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Teledyne Technologies Price Performance

Shares of NYSE:TDY traded up $0.37 during trading on Wednesday, reaching $498.70. The stock had a trading volume of 126,266 shares, compared to its average volume of 254,384. The stock has a market capitalization of $23.36 billion, a PE ratio of 28.94, a P/E/G ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $522.50. The business's 50-day moving average price is $501.88 and its 200 day moving average price is $476.20. 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 (NYSE:TDY - Get Free Report) last announced its earnings results 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. 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 during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company posted $5.44 earnings per share. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Insider Activity

In related news, Chairman Robert Mehrabian sold 5,768 shares of the firm's stock in a transaction dated 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 transaction, the chairman now owns 144,553 shares in the company, valued at $74,910,255.66. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Cynthia Y. Belak sold 5,745 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the transaction, the vice president now owns 4,962 shares in the company, valued at approximately $2,522,383.08. The trade was a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,571 shares of company stock valued at $17,709,721 over the last three months. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TDY. Bank of America boosted their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. UBS Group started coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They issued a "buy" rating and a $585.00 price target for the company. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $585.00 price objective 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, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average 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.