Teledyne Technologies Incorporated (NYSE:TDY) Shares Acquired by Running Oak Capital LLC

Running Oak Capital LLC grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 5.7% during the 4th quarter, Holdings Channel reports. The fund owned 30,402 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,649 shares during the period. Teledyne Technologies makes up about 1.8% of Running Oak Capital LLC’s holdings, making the stock its 23rd largest holding. Running Oak Capital LLC’s holdings in Teledyne Technologies were worth $14,110,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in shares of Teledyne Technologies by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 2,929 shares of the scientific and technical instruments company’s stock valued at $1,136,000 after purchasing an additional 199 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Teledyne Technologies by 80.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,810 shares of the scientific and technical instruments company’s stock worth $702,000 after purchasing an additional 805 shares during the period. Bank of Montreal Can grew its holdings in Teledyne Technologies by 14.2% in the second quarter. Bank of Montreal Can now owns 38,115 shares of the scientific and technical instruments company’s stock valued at $14,922,000 after purchasing an additional 4,731 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Teledyne Technologies by 61.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,075 shares of the scientific and technical instruments company’s stock valued at $3,521,000 after buying an additional 3,441 shares in the last quarter. Finally, Fred Alger Management LLC grew its stake in Teledyne Technologies by 123.8% in the 2nd quarter. Fred Alger Management LLC now owns 376 shares of the scientific and technical instruments company’s stock valued at $146,000 after acquiring an additional 208 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 1,500 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $488.71, for a total value of $733,065.00. Following the transaction, the insider now owns 2,900 shares of the company’s stock, valued at $1,417,259. This represents a 34.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Robert Mehrabian sold 46,075 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the completion of the sale, the chairman now directly owns 171,802 shares in the company, valued at $83,724,268.66. This trade represents a 21.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,525 shares of company stock worth $26,080,464 in the last 90 days. Insiders own 2.14% of the company’s stock.

Teledyne Technologies Price Performance

NYSE:TDY opened at $515.00 on Friday. The stock has a 50 day moving average price of $473.74 and a 200 day moving average price of $447.34. The stock has a market cap of $24.00 billion, a PE ratio of 29.89, a P/E/G ratio of 3.24 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.33. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $518.85.

Teledyne Technologies (NYSE:TDY) last posted 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. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1,451,400 billion. During the same quarter in the previous year, the firm earned $5.44 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that Teledyne Technologies Incorporated will post 21.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TDY has been the topic of several research analyst reports. UBS Group started coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price on the stock. Needham & Company LLC boosted their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen boosted their price target on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies presently has a consensus rating of “Buy” and an average price target of $531.00.

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.