Cramer Rosenthal Mcglynn LLC raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 266,604 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,102 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.75% of Teledyne Technologies worth $48,295,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in TDY. Westfield Capital Management Co. LP purchased a new position in shares of Teledyne Technologies in the 3rd quarter worth about $27,400,000. CI Investments Inc. purchased a new position in shares of Teledyne Technologies in the 3rd quarter worth about $20,298,000. Victory Capital Management Inc. purchased a new position in shares of Teledyne Technologies in the 3rd quarter worth about $19,150,000. BlackRock Inc. raised its holdings in shares of Teledyne Technologies by 2.8% in the 4th quarter. BlackRock Inc. now owns 3,476,666 shares of the scientific and technical instruments company’s stock worth $629,798,000 after purchasing an additional 95,833 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Teledyne Technologies by 79.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 136,653 shares of the scientific and technical instruments company’s stock worth $24,755,000 after purchasing an additional 60,331 shares during the period. Institutional investors own 85.03% of the company’s stock.
Shares of Teledyne Technologies Incorporated (NYSE:TDY) opened at $192.93 on Tuesday. The company has a market capitalization of $6,840.00, a PE ratio of 30.24, a P/E/G ratio of 3.43 and a beta of 1.02. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. Teledyne Technologies Incorporated has a twelve month low of $121.58 and a twelve month high of $201.40.
In other Teledyne Technologies news, Director Kenneth C. Dahlberg sold 5,994 shares of Teledyne Technologies stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $182.44, for a total transaction of $1,093,545.36. Following the sale, the director now directly owns 12,164 shares in the company, valued at approximately $2,219,200.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Simon M. Lorne sold 4,958 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $181.64, for a total value of $900,571.12. Following the sale, the director now owns 30,297 shares in the company, valued at $5,503,147.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,452 shares of company stock worth $10,162,286. Company insiders own 3.73% of the company’s stock.
Several equities research analysts recently commented on TDY shares. ValuEngine upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Needham & Company LLC raised their target price on Teledyne Technologies to $205.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $196.00.
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Teledyne Technologies Profile
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.
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