Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 169.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,816 shares of the scientific and technical instruments company's stock after acquiring an additional 11,838 shares during the quarter. Canada Pension Plan Investment Board's holdings in Teledyne Technologies were worth $8,733,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Stratos Wealth Partners LTD. raised its position in shares of Teledyne Technologies by 4.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock valued at $232,000 after purchasing an additional 21 shares in the last quarter. Ironwood Investment Management LLC increased its stake in shares of Teledyne Technologies by 0.8% in the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock worth $1,335,000 after buying an additional 22 shares during the last quarter. New York Life Investment Management LLC raised its holdings in Teledyne Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company's stock valued at $2,884,000 after acquiring an additional 25 shares in the last quarter. Allworth Financial LP boosted its stake in Teledyne Technologies by 15.1% during the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company's stock valued at $105,000 after acquiring an additional 27 shares during the last quarter. Finally, Net Worth Advisory Group grew its holdings in Teledyne Technologies by 1.5% during the 4th quarter. Net Worth Advisory Group now owns 1,802 shares of the scientific and technical instruments company's stock worth $836,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

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

Teledyne Technologies Stock Performance

TDY stock traded down $0.21 during midday trading on Friday, reaching $458.92. The company had a trading volume of 314,532 shares, compared to its average volume of 256,601. The firm has a market capitalization of $21.49 billion, a PE ratio of 26.63, a P/E/G ratio of 3.14 and a beta of 1.03. The stock has a 50 day moving average price of $482.32 and a 200 day moving average price of $479.03. Teledyne Technologies Incorporated has a fifty-two week low of $375.94 and a fifty-two week high of $522.50. 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 released 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 during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $4.55 EPS. Analysts anticipate that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Insider Transactions at Teledyne Technologies

In related news, EVP Melanie Susan Cibik sold 2,538 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $513.02, for a total value of $1,302,044.76. Following the sale, the executive vice president now directly owns 32,100 shares in the company, valued at $16,467,942. This trade represents a 7.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Jason Vanwees sold 3,700 shares of Teledyne Technologies stock in a transaction 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 sale, the insider now directly owns 51,324 shares in the company, valued at $26,691,559.44. The trade was a 6.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,518 shares of company stock worth $11,586,295. 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.