Dimensional Fund Advisors LP Raises Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Dimensional Fund Advisors LP boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 375,904 shares of the scientific and technical instruments company's stock after buying an additional 9,108 shares during the period. Dimensional Fund Advisors LP owned approximately 0.81% of Teledyne Technologies worth $174,475,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. LPL Financial LLC grew its stake 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 worth $13,166,000 after acquiring an additional 2,224 shares during the last quarter. Amundi grew its position in Teledyne Technologies by 11.9% during the 4th quarter. Amundi now owns 124,874 shares of the scientific and technical instruments company's stock valued at $57,687,000 after purchasing an additional 13,244 shares during the last quarter. Covea Finance increased its stake in Teledyne Technologies by 25.1% during the 4th quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company's stock valued at $9,932,000 after purchasing an additional 4,300 shares in the last quarter. ING Groep NV raised its holdings in Teledyne Technologies by 144.9% in 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 during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in 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 worth $503,338,000 after buying an additional 64,617 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insider Buying and Selling

In other news, Chairman Robert Mehrabian sold 5,768 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $518.22, for a total value of $2,989,092.96. Following the completion of the sale, the chairman now directly owns 144,553 shares in the company, valued at $74,910,255.66. This represents a 3.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 transaction, the insider now owns 51,324 shares in the company, valued at $26,691,559.44. This trade represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,880 shares of company stock valued at $9,212,200. 1.50% of the stock is owned by insiders.

Teledyne Technologies Stock Performance

Shares of NYSE TDY traded down $1.50 during midday trading on Tuesday, hitting $461.54. 55,132 shares of the stock traded hands, compared to its average volume of 255,762. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33. Teledyne Technologies Incorporated has a one year low of $375.94 and a one year high of $522.50. The firm has a market capitalization of $21.62 billion, a P/E ratio of 26.76, a PEG ratio of 3.14 and a beta of 1.03. The firm has a 50-day moving average of $481.55 and a two-hundred day moving average of $479.10.

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 analysts' consensus estimates of $4.92 by $0.03. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies's revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.55 earnings per share. On average, equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TDY shares. TD Securities reissued a "buy" rating and set a $550.00 price target on shares of Teledyne Technologies in a research report on Thursday, April 24th. Needham & Company LLC cut their target price on Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. 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 report on Monday, March 17th. Finally, StockNews.com cut Teledyne Technologies from a "buy" rating to a "hold" rating in a research report on Monday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Teledyne Technologies has a consensus rating of "Moderate Buy" and an average 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.