Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,070,860 shares of the scientific and technical instruments company’s stock after buying an additional 25,677 shares during the quarter. Teledyne Technologies accounts for approximately 1.5% of Kayne Anderson Rudnick Investment Management LLC’s portfolio, making the stock its 14th largest holding. Kayne Anderson Rudnick Investment Management LLC owned 3.03% of Teledyne Technologies worth $170,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc grew its position in Teledyne Technologies by 17.5% during the second quarter. Legal & General Group Plc now owns 38,093 shares of the scientific and technical instruments company’s stock worth $4,861,000 after buying an additional 5,675 shares during the period. SG Americas Securities LLC grew its position in Teledyne Technologies by 37.8% during the second quarter. SG Americas Securities LLC now owns 9,676 shares of the scientific and technical instruments company’s stock worth $1,235,000 after buying an additional 2,655 shares during the period. BlueCrest Capital Management Ltd acquired a new position in Teledyne Technologies during the second quarter worth about $4,578,000. Quantitative Systematic Strategies LLC acquired a new position in Teledyne Technologies during the third quarter worth about $680,000. Finally, Goldman Sachs Group Inc. grew its position in Teledyne Technologies by 56.2% during the second quarter. Goldman Sachs Group Inc. now owns 212,871 shares of the scientific and technical instruments company’s stock worth $27,173,000 after buying an additional 76,567 shares during the period. Institutional investors own 83.39% of the company’s stock.

In other Teledyne Technologies news, Director Roxanne S. Austin sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $148.30, for a total value of $593,200.00. Following the sale, the director now owns 11,458 shares of the company’s stock, valued at $1,699,221.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jason Vanwees sold 4,500 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $182.83, for a total transaction of $822,735.00. Following the completion of the sale, the senior vice president now directly owns 33,659 shares in the company, valued at approximately $6,153,874.97. The disclosure for this sale can be found here. Insiders sold 16,706 shares of company stock worth $2,923,467 in the last ninety days. Insiders own 3.30% of the company’s stock.

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Shares of Teledyne Technologies Incorporated (NYSE:TDY) traded down $0.43 during midday trading on Wednesday, hitting $178.94. 91,000 shares of the company’s stock traded hands, compared to its average volume of 168,547. Teledyne Technologies Incorporated has a 12 month low of $117.06 and a 12 month high of $185.66. The stock has a market capitalization of $6,363.69, a P/E ratio of 27.17, a PEG ratio of 3.57 and a beta of 1.01. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.34. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The company had revenue of $662.20 million for the quarter, compared to the consensus estimate of $656.20 million. During the same quarter in the prior year, the firm earned $1.46 earnings per share. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. equities research analysts expect that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current fiscal year.

Several research analysts have weighed in on TDY shares. Jefferies Group LLC restated a “hold” rating and set a $150.00 target price (up from $145.00) on shares of Teledyne Technologies in a research report on Wednesday, August 9th. Needham & Company LLC upped their target price on shares of Teledyne Technologies from $157.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. ValuEngine upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $175.33.

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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Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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