Cramer Rosenthal Mcglynn LLC Buys 8,113 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Cramer Rosenthal Mcglynn LLC increased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,018 shares of the scientific and technical instruments company’s stock after purchasing an additional 8,113 shares during the period. Teledyne Technologies makes up about 2.0% of Cramer Rosenthal Mcglynn LLC’s investment portfolio, making the stock its 13th largest position. Cramer Rosenthal Mcglynn LLC’s holdings in Teledyne Technologies were worth $34,818,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TDY. Canada Pension Plan Investment Board raised its holdings in Teledyne Technologies by 169.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 18,816 shares of the scientific and technical instruments company’s stock valued at $8,733,000 after buying an additional 11,838 shares during the period. Marshall Wace LLP bought a new stake in shares of Teledyne Technologies in the 4th quarter worth about $10,553,000. United Capital Financial Advisors LLC boosted its stake in shares of Teledyne Technologies by 10.1% during the 4th quarter. United Capital Financial Advisors LLC now owns 753 shares of the scientific and technical instruments company’s stock worth $350,000 after purchasing an additional 69 shares during the period. Canada Post Corp Registered Pension Plan purchased a new stake in Teledyne Technologies in the 4th quarter worth about $400,000. Finally, Walleye Capital LLC bought a new stake in Teledyne Technologies in the fourth quarter worth about $632,000. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TDY shares. Bank of America boosted 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Finally, StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies currently has an average rating of “Buy” and an average price target of $548.00.

Teledyne Technologies Stock Up 0.3 %

NYSE TDY opened at $462.30 on Friday. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. The business has a fifty day moving average price of $487.20 and a 200 day moving average price of $477.87. The company has a market cap of $21.65 billion, a P/E ratio of 26.83, a P/E/G 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, 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 firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted $5.44 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Insider Activity

In other Teledyne Technologies news, COO George C. Bobb III sold 6,308 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $507.77, for a total value of $3,203,013.16. Following the sale, the chief operating officer now owns 10,482 shares of the company’s stock, valued at $5,322,445.14. The trade was a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies stock in a transaction on Friday, January 24th. The shares were 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 directly owns 4,962 shares of the company’s stock, valued at $2,522,383.08. The trade was a 53.66 % 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 valued at $17,709,721 in the last quarter. Insiders own 1.50% of the company’s stock.

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.