Shell Asset Management Co. Purchases 913 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Shell Asset Management Co. raised its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 250.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,278 shares of the scientific and technical instruments company's stock after acquiring an additional 913 shares during the period. Shell Asset Management Co.'s holdings in Teledyne Technologies were worth $593,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TDY. LPL Financial LLC boosted its position in shares of Teledyne Technologies by 8.5% during the 4th quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company's stock worth $13,166,000 after acquiring an additional 2,224 shares in the last quarter. Amundi boosted its position in Teledyne Technologies by 11.9% during the 4th quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company's stock worth $57,687,000 after buying an additional 13,244 shares during the period. ING Groep NV grew its stake in shares of Teledyne Technologies by 144.9% in the fourth quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company's stock worth $2,763,000 after purchasing an additional 3,522 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of 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 buying an additional 64,617 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Teledyne Technologies by 10.9% in the fourth 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 buying an additional 640 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Teledyne Technologies Stock Down 0.3%

Shares of TDY stock traded down $1.30 on Thursday, reaching $487.93. 179,569 shares of the company were exchanged, compared to its average volume of 260,549. The company has a 50-day moving average of $477.79 and a 200-day moving average of $482.18. Teledyne Technologies Incorporated has a one year low of $380.63 and a one year high of $522.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The company has a market cap of $22.86 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 3.14 and a beta of 1.06.

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

Insiders Place Their Bets

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the sale, the executive vice president now directly owns 26,529 shares of the company's stock, valued at approximately $13,794,018.84. The trade was a 2.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the transaction, the insider now owns 51,324 shares in the company, valued at $26,691,559.44. This represents a 6.72% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on TDY shares. Bank of America raised their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Monday, March 17th. TD Securities restated a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a report on Thursday, April 24th. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC dropped their price objective on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus 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.