Whittier Trust Co. Raises Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Whittier Trust Co. grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,341 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,035 shares during the period. Whittier Trust Co. owned approximately 0.07% of Teledyne Technologies worth $15,474,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TDY. State Street Corp boosted its position in shares of Teledyne Technologies by 1.9% during the 3rd quarter. State Street Corp now owns 2,040,896 shares of the scientific and technical instruments company’s stock worth $893,219,000 after purchasing an additional 37,884 shares during the period. Janus Henderson Group PLC raised its stake in Teledyne Technologies by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,709,475 shares of the scientific and technical instruments company’s stock valued at $748,167,000 after acquiring an additional 9,368 shares during the last quarter. Geode Capital Management LLC raised its stake in Teledyne Technologies by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,192,019 shares of the scientific and technical instruments company’s stock valued at $520,335,000 after acquiring an additional 28,224 shares during the last quarter. JPMorgan Chase & Co. increased its position in Teledyne Technologies by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company’s stock worth $503,338,000 after purchasing an additional 64,617 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Teledyne Technologies by 10.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 318,712 shares of the scientific and technical instruments company’s stock worth $145,974,000 after purchasing an additional 30,157 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. UBS Group began coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price for the company. Finally, Bank of America lifted their price target on Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $548.00.

Teledyne Technologies Trading Up 0.4 %

Shares of NYSE:TDY opened at $500.35 on Thursday. The firm has a market capitalization of $23.43 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50. The firm has a fifty day moving average of $495.59 and a two-hundred day moving average of $471.03. 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) last issued its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.23 by $0.29. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $5.44 EPS. On average, equities analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Insider Transactions at Teledyne Technologies

In related news, COO George C. Bobb III sold 6,308 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the completion of the transaction, the chief operating officer now directly owns 10,482 shares of the company’s stock, valued at approximately $5,322,445.14. This represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Melanie Susan Cibik sold 706 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $519.96, for a total value of $367,091.76. Following the transaction, the executive vice president now directly owns 26,529 shares of the company’s stock, valued at $13,794,018.84. This trade represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,571 shares of company stock worth $17,709,721 over the last 90 days. 2.14% 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.