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

Vanguard Group Inc. lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.8% during the 4th quarter, HoldingsChannel reports. The firm owned 5,612,484 shares of the scientific and technical instruments company’s stock after acquiring an additional 46,479 shares during the period. Vanguard Group Inc. owned about 0.12% of Teledyne Technologies worth $2,604,922,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in shares of Teledyne Technologies by 38.1% in the 3rd quarter. Empowered Funds LLC now owns 851 shares of the scientific and technical instruments company’s stock valued at $372,000 after acquiring an additional 235 shares during the last quarter. Pathstone Holdings LLC increased its holdings in Teledyne Technologies by 2.0% in the 3rd quarter. Pathstone Holdings LLC now owns 3,918 shares of the scientific and technical instruments company’s stock worth $1,715,000 after purchasing an additional 77 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Teledyne Technologies by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 291,279 shares of the scientific and technical instruments company’s stock valued at $127,481,000 after purchasing an additional 2,206 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of Teledyne Technologies by 4.8% during the third quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company’s stock worth $241,000 after purchasing an additional 25 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Teledyne Technologies by 30.6% in the third quarter. Cerity Partners LLC now owns 16,383 shares of the scientific and technical instruments company’s stock valued at $7,170,000 after buying an additional 3,838 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TDY has been the topic of several recent research reports. UBS Group began coverage on shares of 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 boosted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $585.00 target price on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $548.00.

Insiders Place Their Bets

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the transaction, the insider now owns 51,324 shares in the company, valued at $26,691,559.44. The trade was a 6.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 completion of the sale, the chairman now owns 144,553 shares of the company’s stock, valued at $74,910,255.66. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,571 shares of company stock worth $17,709,721. Corporate insiders own 2.14% of the company’s stock.

Teledyne Technologies Trading Up 1.0 %

TDY opened at $512.85 on Wednesday. The stock has a market cap of $24.02 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. 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 twelve month low of $355.41 and a twelve month high of $522.50. The company has a fifty day moving average of $499.12 and a 200-day moving average of $473.56.

Teledyne Technologies (NYSE:TDY) 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. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company posted $5.44 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

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.