Janus Henderson Group PLC Purchases 13,607 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Janus Henderson Group PLC grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,723,082 shares of the scientific and technical instruments company's stock after buying an additional 13,607 shares during the period. Janus Henderson Group PLC owned approximately 3.70% of Teledyne Technologies worth $799,734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TDY. Barclays PLC raised its stake in Teledyne Technologies by 4.9% in the 3rd quarter. Barclays PLC now owns 102,490 shares of the scientific and technical instruments company's stock worth $44,854,000 after purchasing an additional 4,765 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Teledyne Technologies in the third quarter valued at approximately $39,000. Principal Financial Group Inc. boosted its stake in shares of Teledyne Technologies by 1.7% in the third quarter. Principal Financial Group Inc. now owns 55,849 shares of the scientific and technical instruments company's stock valued at $24,443,000 after buying an additional 915 shares during the period. 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, Wealth Enhancement Advisory Services LLC increased its stake in Teledyne Technologies by 5.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,418 shares of the scientific and technical instruments company's stock worth $621,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Insider Buying and Selling at Teledyne Technologies

In other news, EVP Melanie Susan Cibik sold 706 shares of the stock in a transaction on Monday, March 3rd. The shares were 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 in the company, valued at $13,794,018.84. This 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 the SEC website. Also, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies 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 transaction, the insider now directly owns 51,324 shares of the company's stock, 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.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $484.62 on Friday. The business's 50-day moving average price is $476.89 and its 200-day moving average price is $480.41. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12 month low of $380.63 and a 12 month high of $522.50. The firm has a market capitalization of $22.71 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 3.14 and a beta of 1.06.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.55 earnings per share. Equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analyst Upgrades and Downgrades

TDY has been the subject of a number of recent analyst reports. Needham & Company LLC cut their target price 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. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Friday. TD Securities restated a "buy" rating and issued a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday, April 24th. Finally, Bank of America increased their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies has an average 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.

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