Advisors Asset Management Inc. Has $3.23 Million Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Advisors Asset Management Inc. lessened its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,385 shares of the scientific and technical instruments company’s stock after selling 332 shares during the quarter. Advisors Asset Management Inc.’s holdings in Teledyne Technologies were worth $3,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TDY. Janus Henderson Group PLC boosted its stake in Teledyne Technologies by 3.2% in the first quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock valued at $676,041,000 after buying an additional 48,397 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Teledyne Technologies by 17.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company’s stock valued at $480,355,000 after purchasing an additional 186,849 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of Teledyne Technologies by 3.5% during the 2nd quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company’s stock valued at $154,665,000 after purchasing an additional 13,576 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Teledyne Technologies by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 375,265 shares of the scientific and technical instruments company’s stock worth $145,594,000 after purchasing an additional 32,339 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Teledyne Technologies by 4.4% in the second quarter. Sei Investments Co. now owns 367,770 shares of the scientific and technical instruments company’s stock valued at $142,689,000 after buying an additional 15,604 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the completion of the sale, the chairman now directly owns 171,802 shares in the company, valued at approximately $83,724,268.66. This trade represents a 21.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on TDY. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, TD Cowen lifted their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies presently has an average rating of “Buy” and a consensus target price of $517.50.

Teledyne Technologies Trading Up 0.7 %

NYSE TDY opened at $483.69 on Friday. The firm has a market capitalization of $22.54 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 3.33 and a beta of 1.01. The business’s 50-day moving average price is $454.91 and its two-hundred day moving average price is $421.56. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $492.00.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the business posted $5.05 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, analysts expect that Teledyne Technologies Incorporated will post 19.45 EPS 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.