Teledyne Technologies Incorporated (NYSE:TDY) Stock Holdings Boosted by Whittier Trust Co.

Whittier Trust Co. boosted its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,341 shares of the scientific and technical instruments company's stock after buying an additional 1,035 shares during the quarter. Whittier Trust Co. owned 0.07% of Teledyne Technologies worth $15,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Teledyne Technologies by 1.9% in the third quarter. State Street Corp now owns 2,040,896 shares of the scientific and technical instruments company's stock worth $893,219,000 after acquiring an additional 37,884 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Teledyne Technologies by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,709,475 shares of the scientific and technical instruments company's stock worth $748,167,000 after purchasing an additional 9,368 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Teledyne Technologies by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,192,019 shares of the scientific and technical instruments company's stock valued at $520,335,000 after purchasing an additional 28,224 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company's stock valued at $503,338,000 after purchasing an additional 64,617 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Teledyne Technologies by 10.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 318,712 shares of the scientific and technical instruments company's stock valued at $145,974,000 after buying an additional 30,157 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Teledyne Technologies

In related news, VP Cynthia Y. Belak sold 5,745 shares of the company's stock in a transaction on 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 transaction, the vice president now directly owns 4,962 shares in the company, valued at $2,522,383.08. This represents a 53.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO George C. Bobb III sold 6,308 shares of the firm's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the sale, the chief operating officer now owns 10,482 shares in the company, valued at $5,322,445.14. The trade was a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,571 shares of company stock worth $17,709,721. 2.14% of the stock is currently owned by company insiders.

Teledyne Technologies Stock Performance

TDY stock traded up $5.81 during trading on Monday, hitting $507.63. 290,741 shares of the company's stock traded hands, compared to its average volume of 243,457. The stock has a fifty day moving average price of $497.26 and a two-hundred day moving average price of $472.38. 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 Incorporated has a 52 week low of $355.41 and a 52 week high of $522.50. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

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 business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm earned $5.44 EPS. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analyst Ratings Changes

TDY has been the topic of several recent analyst reports. UBS Group began coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They issued a "buy" rating and a $585.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and issued a $585.00 target price on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Finally, Bank of America increased their price target 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. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average 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.