Vanguard Group Inc. Purchases 46,479 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Vanguard Group Inc. boosted its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,612,484 shares of the scientific and technical instruments company's stock after purchasing an additional 46,479 shares during the quarter. Vanguard Group Inc. owned approximately 12.04% of Teledyne Technologies worth $2,604,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in Teledyne Technologies during the third quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in Teledyne Technologies in the 3rd quarter valued at $39,000. Millstone Evans Group LLC purchased a new position in shares of Teledyne Technologies during the 4th quarter valued at $42,000. Newbridge Financial Services Group Inc. bought a new position in shares of Teledyne Technologies in the fourth quarter worth $46,000. Finally, Tortoise Investment Management LLC raised its position in shares of Teledyne Technologies by 63.2% in the fourth quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company's stock worth $58,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group assumed coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a "buy" rating and a $585.00 target price on the stock. Bank of America raised their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $585.00 target price 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 company presently has a consensus rating of "Buy" and a consensus target price of $548.00.

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Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 5,768 shares of the company'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 completion of the transaction, the chairman now owns 144,553 shares of the company's stock, valued at $74,910,255.66. This represents a 3.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies stock in a transaction that occurred on Friday, January 24th. The stock was 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. Insiders sold 34,571 shares of company stock valued at $17,709,721 in the last quarter. Company insiders own 1.50% of the company's stock.

Teledyne Technologies Trading Down 2.4 %

Shares of NYSE TDY traded down $12.13 during midday trading on Friday, reaching $494.78. The company had a trading volume of 200,471 shares, compared to its average volume of 254,068. The stock has a market cap of $23.17 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The firm's fifty day moving average price is $501.03 and its 200-day moving average price is $475.20. 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 (NYSE:TDY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping 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 business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the previous year, the firm earned $5.44 EPS. The business's quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

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.