Schroder Investment Management Group Acquires 9,190 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Schroder Investment Management Group raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 14.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,559 shares of the scientific and technical instruments company’s stock after buying an additional 9,190 shares during the period. Schroder Investment Management Group’s holdings in Teledyne Technologies were worth $34,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Glenmede Trust Co. NA lifted its holdings in Teledyne Technologies by 12.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,792 shares of the scientific and technical instruments company’s stock worth $784,000 after purchasing an additional 201 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Teledyne Technologies by 5.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,910 shares of the scientific and technical instruments company’s stock worth $836,000 after buying an additional 100 shares during the period. Captrust Financial Advisors grew its stake in Teledyne Technologies by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 7,633 shares of the scientific and technical instruments company’s stock valued at $3,341,000 after buying an additional 129 shares during the last quarter. Paloma Partners Management Co bought a new position in Teledyne Technologies in the 3rd quarter worth $486,000. Finally, Benjamin Edwards Inc. lifted its position in Teledyne Technologies by 1,030.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,085 shares of the scientific and technical instruments company’s stock worth $475,000 after acquiring an additional 989 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TDY. Needham & Company LLC reiterated a “buy” rating and issued a $585.00 price objective on shares of Teledyne Technologies in a research note on Wednesday, February 5th. UBS Group started coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target on the stock. Finally, Bank of America increased their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, March 17th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $548.00.

Insider Activity

In related news, Chairman Robert Mehrabian sold 5,768 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $518.22, for a total value of $2,989,092.96. Following the completion of the transaction, the chairman now owns 144,553 shares of the company’s stock, valued at $74,910,255.66. This represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael T. Smith sold 2,100 shares of Teledyne Technologies stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $510.50, for a total value of $1,072,050.00. Following the sale, the director now directly owns 52,835 shares in the company, valued at $26,972,267.50. The trade was a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,571 shares of company stock worth $17,709,721. 1.50% of the stock is currently owned by corporate insiders.

Teledyne Technologies Trading Up 0.2 %

Shares of TDY opened at $498.77 on Wednesday. The stock’s 50-day moving average price is $501.88 and its 200 day moving average price is $476.20. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $23.36 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the business posted $5.44 earnings per share. Teledyne Technologies’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

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.