Royce & Associates LP Has $8.88 Million Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Royce & Associates LP lifted its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 7.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,140 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,340 shares during the period. Royce & Associates LP’s holdings in Teledyne Technologies were worth $8,883,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. increased its stake in Teledyne Technologies by 1.8% during the 3rd quarter. Victory Capital Management Inc. now owns 31,436 shares of the scientific and technical instruments company’s stock worth $13,758,000 after acquiring an additional 563 shares during the period. OneDigital Investment Advisors LLC increased its position in shares of Teledyne Technologies by 2.4% in the third quarter. OneDigital Investment Advisors LLC now owns 1,766 shares of the scientific and technical instruments company’s stock worth $773,000 after purchasing an additional 42 shares during the period. CIBC Asset Management Inc lifted its position in Teledyne Technologies by 7.2% during the third quarter. CIBC Asset Management Inc now owns 6,854 shares of the scientific and technical instruments company’s stock worth $3,000,000 after purchasing an additional 459 shares during the period. Empowered Funds LLC grew its stake in Teledyne Technologies by 38.1% during the third quarter. Empowered Funds LLC now owns 851 shares of the scientific and technical instruments company’s stock worth $372,000 after buying an additional 235 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in Teledyne Technologies by 5.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 15,988 shares of the scientific and technical instruments company’s stock valued at $6,997,000 after buying an additional 777 shares during the period. 91.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies 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 transaction, the executive vice president now owns 26,529 shares in the company, valued at approximately $13,794,018.84. The trade was a 2.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO George C. Bobb III sold 6,308 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 34,571 shares of company stock worth $17,709,721 in the last ninety days. Company insiders own 2.14% of the company’s stock.

Analysts Set New Price Targets

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

Teledyne Technologies Stock Up 0.3 %

Shares of NYSE:TDY opened at $498.69 on Wednesday. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $522.50. The company has a market capitalization of $23.36 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. 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 company has a fifty day moving average of $494.82 and a 200-day moving average of $470.83.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (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 business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the firm earned $5.44 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal 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.