Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,181,746 shares of the scientific and technical instruments company's stock after selling 373,518 shares during the period. Price T Rowe Associates Inc. MD owned about 8.97% of Teledyne Technologies worth $1,940,875,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC raised its stake in Teledyne Technologies by 4.9% during the third quarter. Barclays PLC now owns 102,490 shares of the scientific and technical instruments company's stock valued at $44,854,000 after buying an additional 4,765 shares in the last quarter. SkyView Investment Advisors LLC raised its position in shares of Teledyne Technologies by 2.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,837 shares of the scientific and technical instruments company's stock valued at $804,000 after acquiring an additional 45 shares in the last quarter. Anchor Investment Management LLC lifted its stake in Teledyne Technologies by 114.4% during the third quarter. Anchor Investment Management LLC now owns 253 shares of the scientific and technical instruments company's stock worth $111,000 after purchasing an additional 135 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Teledyne Technologies in the third quarter worth $39,000. Finally, Tidal Investments LLC raised its holdings in shares of Teledyne Technologies by 26.7% during the third quarter. Tidal Investments LLC now owns 5,486 shares of the scientific and technical instruments company's stock worth $2,401,000 after purchasing an additional 1,157 shares during the period. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $460.67 on Wednesday. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50. The firm has a market capitalization of $21.58 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The business has a 50 day simple moving average of $484.49 and a 200 day simple moving average of $478.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.

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, topping the consensus estimate of $5.23 by $0.29. The business 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%. The company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.44 earnings per share. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Insider Transactions at Teledyne Technologies

In related news, COO George C. Bobb III sold 6,308 shares of the firm's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the completion of the transaction, the chief operating officer now owns 10,482 shares of the company's stock, valued at $5,322,445.14. This trade represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Cynthia Y. Belak sold 5,745 shares of the business's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction 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 trade represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,571 shares of company stock valued at $17,709,721. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

TDY has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $585.00 price objective on shares of Teledyne Technologies in a research report on Wednesday, February 5th. StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, April 16th. Finally, Bank of America boosted their price objective on 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 MarketBeat, Teledyne Technologies currently has a consensus rating of "Buy" and an average price target of $548.00.

Teledyne Technologies Company 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.

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