Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,504 shares of the scientific and technical instruments company's stock after buying an additional 780 shares during the quarter. ProShare Advisors LLC's holdings in Teledyne Technologies were worth $4,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. LPL Financial LLC grew its position in shares of Teledyne Technologies by 8.5% in the fourth quarter. LPL Financial LLC now owns 28,366 shares of the scientific and technical instruments company's stock valued at $13,166,000 after purchasing an additional 2,224 shares in the last quarter. Amundi grew its position in Teledyne Technologies by 11.9% during the fourth 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 in the last quarter. ING Groep NV grew its position in Teledyne Technologies by 144.9% during 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 buying an additional 3,522 shares in the last quarter. JPMorgan Chase & Co. grew its position in Teledyne Technologies by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company's stock worth $503,338,000 after buying an additional 64,617 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Teledyne Technologies by 10.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,515 shares of the scientific and technical instruments company's stock worth $3,024,000 after buying an additional 640 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 3,700 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total transaction of $1,924,222.00. Following the sale, the insider now owns 51,324 shares of the company's stock, valued at approximately $26,691,559.44. This trade represents a 6.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 $13,794,018.84. This trade represents a 2.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

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

Teledyne Technologies Price Performance

Teledyne Technologies stock traded down $1.74 during midday trading on Friday, reaching $486.30. 156,326 shares of the stock traded hands, compared to its average volume of 260,998. The stock's fifty day moving average is $477.54 and its 200-day moving average is $482.41. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50. The stock has a market cap of $22.79 billion, a P/E ratio of 28.22, a PEG ratio of 3.14 and a beta of 1.06. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28.

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

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.