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

ProShare Advisors LLC increased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 8.0% in the 4th quarter, HoldingsChannel reports. The firm owned 10,504 shares of the scientific and technical instruments company’s stock after purchasing 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 large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Teledyne Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,612,484 shares of the scientific and technical instruments company’s stock worth $2,604,922,000 after purchasing an additional 46,479 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Teledyne Technologies by 0.8% during the fourth quarter. Janus Henderson Group PLC now owns 1,723,082 shares of the scientific and technical instruments company’s stock worth $799,734,000 after acquiring an additional 13,607 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in 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 holdings 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 acquiring an additional 64,617 shares during the period. Finally, Norges Bank acquired a new position in Teledyne Technologies during the fourth quarter worth $306,042,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $496.62 on Tuesday. The firm has a 50-day moving average price of $477.73 and a two-hundred day moving average price of $481.83. The company has a market capitalization of $23.27 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 3.14 and a beta of 1.06. 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 twelve month low of $380.63 and a twelve month high of $522.50.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 EPS for the quarter, beating analysts’ consensus estimates of $4.92 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. Teledyne Technologies’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.55 EPS. As a group, research analysts expect that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Bank of America boosted their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Needham & Company LLC decreased 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. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, TD Securities reaffirmed a “buy” rating and set a $550.00 price objective on shares of Teledyne Technologies in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $542.50.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the completion of the transaction, the executive vice president now directly owns 26,529 shares in the company, valued at approximately $13,794,018.84. The trade was a 2.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Jason Vanwees sold 3,700 shares of the business’s 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 completion of the transaction, the insider now owns 51,324 shares of the company’s stock, 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. 1.50% of the stock is owned by insiders.

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.