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

ProShare Advisors LLC grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,504 shares of the scientific and technical instruments company's stock after acquiring an additional 780 shares during the period. ProShare Advisors LLC's holdings in Teledyne Technologies were worth $4,875,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Quantinno Capital Management LP grew its stake in shares of Teledyne Technologies by 126.9% in the fourth quarter. Quantinno Capital Management LP now owns 4,716 shares of the scientific and technical instruments company's stock worth $2,189,000 after acquiring an additional 2,638 shares in the last quarter. Mufg Securities Americas Inc. purchased a new position in shares of Teledyne Technologies in the 4th quarter valued at about $319,000. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Teledyne Technologies by 1.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 43,051 shares of the scientific and technical instruments company's stock valued at $20,296,000 after buying an additional 775 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Teledyne Technologies in the 4th quarter valued at about $715,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Teledyne Technologies by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,643 shares of the scientific and technical instruments company's stock valued at $2,155,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Trading Down 0.5%

Shares of Teledyne Technologies stock opened at $496.62 on Tuesday. The company has a fifty day simple moving average of $477.73 and a 200-day simple moving average of $481.83. Teledyne Technologies Incorporated has a 12-month low of $380.63 and a 12-month high of $522.50. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. The stock has a market cap of $23.27 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 3.14 and a beta of 1.06.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $4.55 EPS. The business's quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Insider Activity

In related news, EVP Melanie Susan Cibik sold 706 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the transaction, the executive vice president now owns 26,529 shares of the company's stock, valued at $13,794,018.84. This trade represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the firm's 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 directly owns 51,324 shares in the company, valued at approximately $26,691,559.44. This represents a 6.72% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reduced their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. TD Securities restated a "buy" rating and issued a $550.00 price objective on shares of Teledyne Technologies in a report on Thursday, April 24th. StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, 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 report on Monday, March 17th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $542.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.