Sei Investments Co. grew its holdings in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) by 4.5% during the 3rd quarter, Holdings Channel reports. The firm owned 400,514 shares of the scientific and technical instruments company’s stock after purchasing an additional 17,295 shares during the period. Sei Investments Co.’s holdings in Teledyne Technologies were worth $234,717,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of TDY. Dodge & Cox bought a new stake in shares of Teledyne Technologies during the second quarter worth approximately $767,307,000. Norges Bank bought a new position in Teledyne Technologies in the second quarter valued at approximately $317,986,000. Artisan Partners Limited Partnership bought a new position in Teledyne Technologies in the third quarter valued at approximately $129,791,000. Public Sector Pension Investment Board grew its holdings in Teledyne Technologies by 4,520.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 206,440 shares of the scientific and technical instruments company’s stock worth $120,982,000 after acquiring an additional 201,972 shares during the period. Finally, Rakuten Investment Management Inc. bought a new stake in shares of Teledyne Technologies during the 3rd quarter valued at $108,576,000. Institutional investors and hedge funds own 91.58% of the company’s stock.
Teledyne Technologies Price Performance
Shares of TDY stock opened at $647.15 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. Teledyne Technologies Incorporated has a 12-month low of $419.00 and a 12-month high of $693.38. The firm has a fifty day moving average of $624.68 and a 200-day moving average of $565.62. The firm has a market capitalization of $29.97 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 3.24 and a beta of 0.99.
Insider Activity
In related news, Director Michael T. Smith sold 2,469 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $621.00, for a total transaction of $1,533,249.00. Following the completion of the sale, the director directly owned 47,328 shares of the company’s stock, valued at approximately $29,390,688. This represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jason Vanwees sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $630.92, for a total transaction of $3,154,600.00. Following the sale, the insider owned 51,025 shares in the company, valued at $32,192,693. This trade represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,500 shares of company stock worth $7,214,750 in the last quarter. 1.50% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on TDY shares. Citigroup increased their price target on Teledyne Technologies from $567.00 to $604.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Teledyne Technologies in a report on Monday, December 29th. Stifel Nicolaus raised their target price on Teledyne Technologies from $645.00 to $720.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Jefferies Financial Group boosted their target price on Teledyne Technologies from $710.00 to $770.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Needham & Company LLC upped their price target on Teledyne Technologies from $615.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $650.33.
Check Out Our Latest Report on TDY
About Teledyne Technologies
Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.
The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.
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