Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Aperio Group LLC

Aperio Group LLC grew its position in Teledyne Technologies Incorporated (NYSE:TDY) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,600 shares of the scientific and technical instruments company’s stock after purchasing an additional 366 shares during the quarter. Aperio Group LLC owned approximately 0.05% of Teledyne Technologies worth $7,291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hartford Investment Management Co. raised its holdings in shares of Teledyne Technologies by 8.4% in the 4th quarter. Hartford Investment Management Co. now owns 4,255 shares of the scientific and technical instruments company’s stock valued at $1,668,000 after purchasing an additional 330 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Teledyne Technologies by 7.4% in the 3rd quarter. Truist Financial Corp now owns 30,041 shares of the scientific and technical instruments company’s stock valued at $9,318,000 after purchasing an additional 2,075 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in shares of Teledyne Technologies in the 3rd quarter valued at $233,000. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Teledyne Technologies in the 3rd quarter valued at $213,000. Finally, Bradley Foster & Sargent Inc. CT purchased a new position in shares of Teledyne Technologies in the 3rd quarter valued at $1,084,000. Institutional investors and hedge funds own 88.37% of the company’s stock.

Separately, Needham & Company LLC increased their target price on shares of Teledyne Technologies from $365.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, January 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $365.00.

Shares of Teledyne Technologies stock opened at $398.11 on Tuesday. Teledyne Technologies Incorporated has a 1 year low of $195.34 and a 1 year high of $413.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.74 and a current ratio of 2.29. The company has a market capitalization of $14.68 billion, a P/E ratio of 39.07 and a beta of 1.08. The company’s fifty day moving average is $382.62 and its two-hundred day moving average is $354.02.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 27th. The scientific and technical instruments company reported $3.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.11 by $0.37. The company had revenue of $809.30 million for the quarter, compared to the consensus estimate of $800.15 million. Teledyne Technologies had a net margin of 12.39% and a return on equity of 13.42%. Teledyne Technologies’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $3.06 EPS. As a group, equities analysts expect that Teledyne Technologies Incorporated will post 10.36 earnings per share for the current year.

In other news, Chairman Robert Mehrabian bought 10,000 shares of the stock in a transaction dated Friday, January 29th. The shares were acquired at an average price of $366.05 per share, with a total value of $3,660,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth C. Dahlberg sold 5,507 shares of Teledyne Technologies stock in a transaction dated Friday, January 29th. The shares were sold at an average price of $366.69, for a total transaction of $2,019,361.83. Following the completion of the sale, the director now directly owns 17,936 shares in the company, valued at approximately $6,576,951.84. The disclosure for this sale can be found here. 3.15% of the stock is owned by insiders.

About Teledyne Technologies

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Canada, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.

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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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