Janus Henderson Group PLC cut its position in Teledyne Technologies Incorporated (NYSE:TDY) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,196,735 shares of the scientific and technical instruments company’s stock after selling 4,513 shares during the quarter. Janus Henderson Group PLC owned about 6.20% of Teledyne Technologies worth $349,676,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in Teledyne Technologies by 2.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,070,860 shares of the scientific and technical instruments company’s stock valued at $170,460,000 after purchasing an additional 25,677 shares during the last quarter. Earnest Partners LLC raised its position in shares of Teledyne Technologies by 1.3% during the 2nd quarter. Earnest Partners LLC now owns 630,042 shares of the scientific and technical instruments company’s stock worth $80,425,000 after buying an additional 8,144 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Teledyne Technologies by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 507,621 shares of the scientific and technical instruments company’s stock worth $80,804,000 after buying an additional 6,682 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Teledyne Technologies by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 429,459 shares of the scientific and technical instruments company’s stock worth $68,362,000 after buying an additional 14,299 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Teledyne Technologies by 0.4% during the 3rd quarter. New York State Common Retirement Fund now owns 335,839 shares of the scientific and technical instruments company’s stock worth $53,459,000 after buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 84.11% of the company’s stock.

A number of analysts have commented on TDY shares. Needham & Company LLC boosted their price target 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. Jefferies Group boosted their price target on shares of Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” 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. Finally, Zacks Investment Research downgraded shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $175.33.

Teledyne Technologies Incorporated (NYSE:TDY) traded up $0.52 during mid-day trading on Friday, hitting $180.58. 180,547 shares of the company’s stock were exchanged, compared to its average volume of 106,088. Teledyne Technologies Incorporated has a one year low of $119.67 and a one year high of $186.54. The company has a market cap of $6,399.03, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.34. The company had revenue of $662.20 million for the quarter, compared to the consensus estimate of $656.20 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. Teledyne Technologies’s revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 EPS. sell-side analysts anticipate that Teledyne Technologies Incorporated will post 6.7 EPS for the current year.

In other news, CFO Sue Main sold 7,000 shares of Teledyne Technologies stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $183.88, for a total value of $1,287,160.00. Following the transaction, the chief financial officer now owns 40,874 shares of the company’s stock, valued at approximately $7,515,911.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Cynthia Y. Belak sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $185.19, for a total transaction of $740,760.00. Following the completion of the transaction, the vice president now directly owns 6,903 shares in the company, valued at approximately $1,278,366.57. The disclosure for this sale can be found here. Insiders sold a total of 20,406 shares of company stock worth $3,743,275 in the last ninety days. Corporate insiders own 3.30% of the company’s stock.

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About Teledyne Technologies

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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