Teledyne Technologies Incorporated (NYSE:TDY) Holdings Boosted by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 10.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,274 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,332 shares during the period. Royal London Asset Management Ltd.’s holdings in Teledyne Technologies were worth $11,266,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Harvest Fund Management Co. Ltd acquired a new stake in shares of Teledyne Technologies during the 4th quarter valued at $284,000. Generali Asset Management SPA SGR acquired a new stake in shares of Teledyne Technologies during the 4th quarter valued at $102,000. Thrivent Financial for Lutherans boosted its stake in shares of Teledyne Technologies by 122.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 12,805 shares of the scientific and technical instruments company’s stock valued at $5,943,000 after buying an additional 7,049 shares during the period. Signaturefd LLC boosted its stake in shares of Teledyne Technologies by 15.4% during the 4th quarter. Signaturefd LLC now owns 721 shares of the scientific and technical instruments company’s stock valued at $335,000 after buying an additional 96 shares during the period. Finally, Cibc World Markets Corp boosted its stake in shares of Teledyne Technologies by 14.1% during the 4th quarter. Cibc World Markets Corp now owns 7,335 shares of the scientific and technical instruments company’s stock valued at $3,404,000 after buying an additional 909 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Transactions at Teledyne Technologies

In other news, VP Cynthia Y. Belak sold 5,745 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the transaction, the vice president now owns 4,962 shares in the company, valued at approximately $2,522,383.08. The trade was a 53.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO George C. Bobb III sold 6,308 shares of the business’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 transaction, the chief operating officer now owns 10,482 shares in the company, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 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 Up 0.7 %

Teledyne Technologies stock opened at $502.73 on Friday. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 3.14 and a beta of 1.03. 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 Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $522.50. The firm has a fifty day moving average price of $497.26 and a two-hundred day moving average price of $472.08.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.44 EPS. As a group, analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Analysts Set New Price Targets

TDY has been the subject of a number of research reports. UBS Group assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $585.00 price objective on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Finally, Bank of America lifted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies currently has an average rating of “Buy” and a consensus target price of $548.00.

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.