William Blair Investment Management LLC bought a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 669,495 shares of the scientific and technical instruments company’s stock, valued at approximately $121,279,000. William Blair Investment Management LLC owned approximately 1.89% of Teledyne Technologies as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its holdings in Teledyne Technologies by 11.2% in the 3rd quarter. Rhumbline Advisers now owns 76,533 shares of the scientific and technical instruments company’s stock valued at $12,183,000 after acquiring an additional 7,714 shares during the last quarter. American International Group Inc. increased its holdings in Teledyne Technologies by 1.4% in the 4th quarter. American International Group Inc. now owns 73,308 shares of the scientific and technical instruments company’s stock valued at $13,280,000 after acquiring an additional 1,022 shares during the last quarter. TT International increased its holdings in Teledyne Technologies by 73.2% in the 3rd quarter. TT International now owns 30,320 shares of the scientific and technical instruments company’s stock valued at $4,826,000 after acquiring an additional 12,816 shares during the last quarter. Brown Advisory Inc. increased its holdings in Teledyne Technologies by 18.3% in the 3rd quarter. Brown Advisory Inc. now owns 3,640 shares of the scientific and technical instruments company’s stock valued at $579,000 after acquiring an additional 563 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Teledyne Technologies by 37.4% in the 3rd quarter. Sei Investments Co. now owns 2,337 shares of the scientific and technical instruments company’s stock valued at $373,000 after acquiring an additional 636 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.
In other news, Director Charles Crocker sold 4,000 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $183.00, for a total value of $732,000.00. Following the sale, the director now directly owns 47,488 shares in the company, valued at approximately $8,690,304. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Robert Mehrabian sold 35,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $192.92, for a total transaction of $6,752,200.00. Following the completion of the sale, the chairman now owns 284,072 shares in the company, valued at $54,803,170.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,494 shares of company stock worth $9,261,715. Insiders own 3.73% of the company’s stock.
Shares of Teledyne Technologies stock opened at $193.09 on Thursday. Teledyne Technologies Incorporated has a fifty-two week low of $121.58 and a fifty-two week high of $201.40. The company has a quick ratio of 1.13, a current ratio of 1.87 and a debt-to-equity ratio of 0.55. The firm has a market cap of $6,871.58, a PE ratio of 27.86, a PEG ratio of 3.40 and a beta of 1.02.
Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, February 1st. The scientific and technical instruments company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.21. Teledyne Technologies had a net margin of 8.73% and a return on equity of 14.07%. The firm had revenue of $704.40 million for the quarter, compared to the consensus estimate of $669.25 million. During the same period in the previous year, the firm posted $1.64 EPS. The business’s quarterly revenue was up 27.4% on a year-over-year basis. research analysts anticipate that Teledyne Technologies Incorporated will post 7.55 earnings per share for the current year.
A number of analysts have issued reports on the stock. ValuEngine upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a report on Tuesday, February 6th. Finally, Needham & Company LLC lifted their price target on shares of Teledyne Technologies to $205.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $196.00.
TRADEMARK VIOLATION WARNING: This news story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://ledgergazette.com/2018/03/22/william-blair-investment-management-llc-takes-position-in-teledyne-technologies-incorporated-tdy.html.
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.
Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDY).
Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.