Royal Bank of Canada Has $109.60 Million Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Royal Bank of Canada lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 236,134 shares of the scientific and technical instruments company's stock after purchasing an additional 22,427 shares during the period. Royal Bank of Canada owned 0.51% of Teledyne Technologies worth $109,596,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake in Teledyne Technologies by 8.5% in the 4th quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company's stock valued at $13,166,000 after acquiring an additional 2,224 shares during the period. Amundi raised its stake in Teledyne Technologies by 11.9% in the 4th quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company's stock valued at $57,687,000 after acquiring an additional 13,244 shares during the period. ING Groep NV raised its stake in Teledyne Technologies by 144.9% in the 4th quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company's stock valued at $2,763,000 after acquiring an additional 3,522 shares during the period. JPMorgan Chase & Co. raised its stake in Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company's stock valued at $503,338,000 after acquiring an additional 64,617 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Teledyne Technologies by 10.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,515 shares of the scientific and technical instruments company's stock valued at $3,024,000 after acquiring an additional 640 shares during the period. Institutional investors own 91.58% of the company's stock.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $520.06, for a total value of $1,924,222.00. Following the transaction, the insider now owns 51,324 shares in the company, valued at $26,691,559.44. The trade was a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the completion of the transaction, the executive vice president now owns 26,529 shares in the company, valued at approximately $13,794,018.84. This represents a 2.59% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Teledyne Technologies Price Performance

Shares of TDY traded down $1.74 during trading hours on Friday, hitting $486.30. 156,326 shares of the company were exchanged, compared to its average volume of 260,998. The company has a market cap of $22.79 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 3.14 and a beta of 1.06. Teledyne Technologies Incorporated has a fifty-two week low of $380.63 and a fifty-two week high of $522.50. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The firm's fifty day moving average is $477.54 and its 200 day moving average is $482.41.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $0.03. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.55 EPS. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TDY shares. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Bank of America upped their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. Needham & Company LLC decreased their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, TD Securities reaffirmed a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $542.50.

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.