Brown Brothers Harriman & Co. Has $81,000 Position in Teledyne Technologies Incorporated (NYSE:TDY)

Brown Brothers Harriman & Co. raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 33.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 174 shares of the scientific and technical instruments company’s stock after purchasing an additional 44 shares during the period. Brown Brothers Harriman & Co.’s holdings in Teledyne Technologies were worth $81,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. DnB Asset Management AS grew its stake in shares of Teledyne Technologies by 0.9% in the 4th quarter. DnB Asset Management AS now owns 8,111 shares of the scientific and technical instruments company’s stock worth $3,765,000 after acquiring an additional 74 shares in the last quarter. Norges Bank bought a new position in shares of Teledyne Technologies during the 4th quarter worth approximately $306,042,000. UniSuper Management Pty Ltd boosted its stake in shares of Teledyne Technologies by 14.5% in the 4th quarter. UniSuper Management Pty Ltd now owns 5,391 shares of the scientific and technical instruments company’s stock worth $2,502,000 after buying an additional 683 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Teledyne Technologies by 10.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 82,742 shares of the scientific and technical instruments company’s stock valued at $38,036,000 after purchasing an additional 7,859 shares during the period. Finally, Korea Investment CORP grew its position in Teledyne Technologies by 28.0% during the fourth quarter. Korea Investment CORP now owns 34,380 shares of the scientific and technical instruments company’s stock valued at $15,957,000 after buying an additional 7,517 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Up 0.2 %

Shares of NYSE TDY opened at $498.77 on Wednesday. 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 Incorporated has a one year low of $355.41 and a one year high of $522.50. The firm’s 50 day simple moving average is $501.88 and its two-hundred day simple moving average is $476.20. The stock has a market capitalization of $23.36 billion, a P/E ratio of 28.95, a PEG ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $5.44 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts expect that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group assumed coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price for the company. Bank of America boosted their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $548.00.

Insider Buying and Selling at Teledyne Technologies

In related news, EVP Melanie Susan Cibik sold 706 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $519.96, for a total transaction of $367,091.76. Following the completion of the transaction, the executive vice president now owns 26,529 shares in the company, valued at $13,794,018.84. This represents a 2.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Robert Mehrabian sold 5,768 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $518.22, for a total transaction of $2,989,092.96. Following the transaction, the chairman now directly owns 144,553 shares in the company, valued at approximately $74,910,255.66. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,571 shares of company stock worth $17,709,721. 1.50% of the stock is currently owned by insiders.

Teledyne Technologies Company 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.