Deutsche Bank AG Has $87.68 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Deutsche Bank AG grew its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 176,165 shares of the scientific and technical instruments company's stock after purchasing an additional 2,519 shares during the period. Deutsche Bank AG owned approximately 0.38% of Teledyne Technologies worth $87,679,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Teledyne Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 5,718,295 shares of the scientific and technical instruments company's stock worth $2,846,053,000 after acquiring an additional 105,811 shares during the period. Janus Henderson Group PLC grew its holdings in Teledyne Technologies by 0.8% during the fourth quarter. Janus Henderson Group PLC now owns 1,723,082 shares of the scientific and technical instruments company's stock worth $799,734,000 after acquiring an additional 13,607 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Teledyne Technologies by 1.6% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,316,360 shares of the scientific and technical instruments company's stock worth $610,962,000 after acquiring an additional 20,165 shares during the period. Northern Trust Corp grew its holdings in Teledyne Technologies by 16.6% during the fourth quarter. Northern Trust Corp now owns 536,874 shares of the scientific and technical instruments company's stock worth $249,180,000 after acquiring an additional 76,552 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Teledyne Technologies by 61,911.9% in the 1st quarter. GAMMA Investing LLC now owns 496,715 shares of the scientific and technical instruments company's stock valued at $247,220,000 after purchasing an additional 495,914 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TDY shares. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Morgan Stanley increased their price target on Teledyne Technologies from $535.00 to $580.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Needham & Company LLC decreased their price target on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus started coverage on Teledyne Technologies in a research report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price target for the company. Finally, TD Securities reiterated a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $576.57.

Teledyne Technologies Stock Down 0.4%

NYSE TDY traded down $2.04 during trading on Wednesday, reaching $550.26. 387,845 shares of the company's stock were exchanged, compared to its average volume of 329,288. Teledyne Technologies Incorporated has a fifty-two week low of $406.42 and a fifty-two week high of $570.56. The firm has a market capitalization of $25.80 billion, a PE ratio of 30.30, a P/E/G ratio of 2.52 and a beta of 1.07. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. The company's fifty day simple moving average is $525.22 and its 200-day simple moving average is $500.86.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The scientific and technical instruments company reported $5.20 EPS for the quarter, topping analysts' consensus estimates of $5.05 by $0.15. Teledyne Technologies had a return on equity of 9.96% and a net margin of 14.54%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company posted $4.58 EPS. The business's quarterly revenue was up 10.2% compared to the same quarter last year. Sell-side analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Teledyne Technologies announced that its Board of Directors has initiated a stock buyback plan on Wednesday, July 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the scientific and technical instruments company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Michael T. Smith sold 1,975 shares of Teledyne Technologies stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $560.10, for a total transaction of $1,106,197.50. Following the completion of the sale, the director directly owned 51,328 shares in the company, valued at $28,748,812.80. The trade was a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George C. Bobb III sold 6,735 shares of Teledyne Technologies stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $555.41, for a total value of $3,740,686.35. Following the sale, the chief executive officer owned 10,391 shares of the company's stock, valued at approximately $5,771,265.31. This represents a 39.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,021 shares of company stock worth $8,315,662. 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.