Schroder Investment Management Group Grows Position in Teledyne Technologies Incorporated (NYSE:TDY)

Schroder Investment Management Group grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,559 shares of the scientific and technical instruments company's stock after purchasing an additional 9,190 shares during the quarter. Schroder Investment Management Group owned approximately 0.16% of Teledyne Technologies worth $34,222,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Glenmede Trust Co. NA lifted its holdings in Teledyne Technologies by 12.6% during the third quarter. Glenmede Trust Co. NA now owns 1,792 shares of the scientific and technical instruments company's stock worth $784,000 after buying an additional 201 shares during the period. Public Sector Pension Investment Board raised its position in shares of Teledyne Technologies by 5.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,910 shares of the scientific and technical instruments company's stock worth $836,000 after acquiring an additional 100 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Teledyne Technologies by 1.7% during the 3rd quarter. Captrust Financial Advisors now owns 7,633 shares of the scientific and technical instruments company's stock worth $3,341,000 after purchasing an additional 129 shares during the last quarter. Paloma Partners Management Co bought a new stake in Teledyne Technologies during the third quarter valued at about $486,000. Finally, Benjamin Edwards Inc. grew its stake in Teledyne Technologies by 1,030.2% in the third quarter. Benjamin Edwards Inc. now owns 1,085 shares of the scientific and technical instruments company's stock valued at $475,000 after purchasing an additional 989 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently weighed in on TDY. Bank of America raised 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. StockNews.com downgraded shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday. UBS Group initiated coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They set a "buy" rating and a $585.00 price target on the stock. Finally, Needham & Company LLC reissued a "buy" rating and issued a $585.00 price objective on shares of Teledyne Technologies in a research report on Wednesday, February 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $548.00.

Teledyne Technologies Stock Performance

NYSE:TDY traded down $35.28 during trading hours on Friday, hitting $436.32. 433,297 shares of the company were exchanged, compared to its average volume of 256,747. 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 Incorporated has a 52-week low of $355.41 and a 52-week high of $522.50. The stock has a market capitalization of $20.44 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 3.14 and a beta of 1.03. The company's 50 day moving average price is $499.21 and its 200-day moving average price is $477.07.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced 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. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company earned $5.44 earnings per share. The business's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Insider Transactions at Teledyne Technologies

In other news, VP Cynthia Y. Belak sold 5,745 shares of the company's stock in a transaction 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 sale, the vice president now directly owns 4,962 shares of the company's stock, valued at $2,522,383.08. This represents a 53.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert Mehrabian sold 5,768 shares of the firm's stock in a transaction 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. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,571 shares of company stock worth $17,709,721 over the last three months. 1.50% of the stock is currently owned by insiders.

About Teledyne Technologies

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.