Teledyne Technologies Incorporated (NYSE:TDY) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group increased its position in Teledyne Technologies Incorporated (NYSE:TDY) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,559 shares of the scientific and technical instruments company’s stock after buying an additional 9,190 shares during the quarter. Schroder Investment Management Group owned about 0.16% of Teledyne Technologies worth $34,222,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Teledyne Technologies in the 4th quarter valued at about $306,042,000. Madison Investment Advisors LLC bought a new stake in shares of Teledyne Technologies in the 4th quarter worth approximately $94,721,000. Raymond James Financial Inc. acquired a new stake in Teledyne Technologies during the fourth quarter valued at approximately $53,304,000. JPMorgan Chase & Co. boosted its holdings in Teledyne Technologies by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after buying an additional 64,617 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new position in shares of Teledyne Technologies in the fourth quarter valued at $29,348,000. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

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

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $498.77 on Wednesday. The company 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 1-year low of $355.41 and a 1-year 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’s fifty day simple moving average is $501.88 and its 200-day simple moving average is $476.20.

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, beating the consensus estimate of $5.23 by $0.29. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.44 EPS. On average, sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 5,768 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $518.22, for a total value of $2,989,092.96. Following the transaction, the chairman now directly owns 144,553 shares of the company’s stock, valued at $74,910,255.66. This represents a 3.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Cynthia Y. Belak sold 5,745 shares of Teledyne Technologies stock in a transaction dated 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 sale, the vice president now owns 4,962 shares of the company’s stock, valued at approximately $2,522,383.08. This represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,571 shares of company stock worth $17,709,721. 1.50% of the stock is currently owned by company insiders.

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.