T. Rowe Price Investment Management Inc. Has $609.43 Million Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

T. Rowe Price Investment Management Inc. trimmed its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,313,061 shares of the scientific and technical instruments company's stock after selling 209,673 shares during the period. T. Rowe Price Investment Management Inc. owned 2.82% of Teledyne Technologies worth $609,432,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Teledyne Technologies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,612,484 shares of the scientific and technical instruments company's stock valued at $2,604,922,000 after purchasing an additional 46,479 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Teledyne Technologies by 1.6% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,316,360 shares of the scientific and technical instruments company's stock worth $610,962,000 after acquiring an additional 20,165 shares during the period. JPMorgan Chase & Co. grew its position in shares of Teledyne Technologies by 6.0% in the third 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 purchasing an additional 64,617 shares during the last quarter. Norges Bank bought a new position in shares of Teledyne Technologies during the fourth quarter worth approximately $306,042,000. Finally, Invesco Ltd. lifted its holdings in Teledyne Technologies by 4.6% during the 4th quarter. Invesco Ltd. now owns 626,522 shares of the scientific and technical instruments company's stock worth $290,788,000 after purchasing an additional 27,454 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on TDY. StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, April 16th. TD Securities restated a "buy" rating and set a $550.00 target price on shares of Teledyne Technologies in a research report on Thursday. Needham & Company LLC dropped their price target on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Bank of America boosted their price target on Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teledyne Technologies presently has a consensus rating of "Buy" and a consensus price target of $542.50.

Teledyne Technologies Price Performance

TDY traded up $0.17 during trading on Monday, hitting $458.77. 60,621 shares of the stock traded hands, compared to its average volume of 255,839. The business has a 50 day moving average price of $482.32 and a 200 day moving average price of $479.03. The company has a market cap of $21.49 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a twelve month low of $375.94 and a twelve month 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.

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 EPS for the quarter, topping analysts' consensus estimates of $4.92 by $0.03. The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.55 earnings per share. Equities research analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Transactions at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 3,700 shares of the business's stock in a transaction dated 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 directly owns 51,324 shares in the company, valued at approximately $26,691,559.44. The trade was a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Melanie Susan Cibik sold 2,699 shares of Teledyne Technologies stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $510.03, for a total transaction of $1,376,570.97. Following the sale, the executive vice president now owns 27,235 shares in the company, valued at approximately $13,890,667.05. This represents a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,880 shares of company stock worth $9,212,200. Corporate insiders own 1.50% of the company's stock.

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.