Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,742 shares of the scientific and technical instruments company's stock after purchasing an additional 7,859 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of Teledyne Technologies worth $38,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDY. Stratos Wealth Partners LTD. grew its holdings in shares of 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 buying an additional 21 shares in the last quarter. Ironwood Investment Management LLC boosted its position in Teledyne Technologies by 0.8% during the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock worth $1,335,000 after acquiring an additional 22 shares during the last quarter. New York Life Investment Management LLC grew its stake in 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 lifted its stake 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 during the period. Finally, Net Worth Advisory Group boosted its holdings 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 worth $836,000 after purchasing an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

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Teledyne Technologies Trading Up 0.1 %

TDY traded up $0.37 on Wednesday, reaching $498.70. 126,266 shares of the company's stock were exchanged, compared to its average volume of 254,384. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50. The company's 50 day moving average is $501.88 and its 200-day moving average is $476.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The company has a market cap of $23.36 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 3.14 and a beta of 1.03.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group assumed coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They set a "buy" rating and a $585.00 target price on the stock. Bank of America raised their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Finally, Needham & Company LLC restated a "buy" rating and issued a $585.00 target price on shares of Teledyne Technologies in a report on Wednesday, February 5th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $548.00.

Insiders Place Their Bets

In related 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 transaction of $2,989,092.96. Following the transaction, the chairman now directly owns 144,553 shares of the company's stock, valued at approximately $74,910,255.66. The trade was a 3.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Melanie Susan Cibik sold 706 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the sale, the executive vice president now directly owns 26,529 shares of the company's stock, valued at $13,794,018.84. This trade represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,571 shares of company stock worth $17,709,721 over the last quarter. 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.