Sterling Capital Management LLC Has $1.27 Million Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Sterling Capital Management LLC boosted its position in Teledyne Technologies Incorporated (NYSE:TDY) by 54.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,744 shares of the scientific and technical instruments company’s stock after purchasing an additional 971 shares during the period. Sterling Capital Management LLC’s holdings in Teledyne Technologies were worth $1,274,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TDY. Hurley Capital LLC bought a new position in Teledyne Technologies in the 4th quarter valued at about $33,000. Wilmington Savings Fund Society FSB acquired a new stake in Teledyne Technologies during the 3rd quarter worth approximately $39,000. Millstone Evans Group LLC acquired a new stake in Teledyne Technologies during the 4th quarter worth approximately $42,000. Newbridge Financial Services Group Inc. bought a new stake in Teledyne Technologies in the 4th quarter valued at $46,000. Finally, Tortoise Investment Management LLC grew its holdings in Teledyne Technologies by 63.2% in the 4th quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company’s stock valued at $58,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total transaction of $367,091.76. Following the sale, the executive vice president now owns 26,529 shares of the company’s stock, valued at approximately $13,794,018.84. The trade was a 2.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the transaction, the insider now owns 51,324 shares of the company’s stock, valued at $26,691,559.44. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,571 shares of company stock worth $17,709,721 over the last 90 days. Insiders own 1.50% of the company’s stock.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $468.54 on Wednesday. The firm has a 50 day moving average of $489.18 and a 200-day moving average of $477.81. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $522.50. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $21.95 billion, a PE ratio of 27.19, a PEG ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $5.44 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TDY has been the subject of a number of recent research reports. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. Bank of America increased their target price 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $548.00.

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.