Dimensional Fund Advisors LP boosted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 429,459 shares of the scientific and technical instruments company’s stock after buying an additional 14,299 shares during the period. Dimensional Fund Advisors LP owned 1.21% of Teledyne Technologies worth $68,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. increased its position in Teledyne Technologies by 0.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,677 shares of the scientific and technical instruments company’s stock worth $1,363,000 after buying an additional 84 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Teledyne Technologies by 15.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock worth $169,000 after buying an additional 177 shares during the period. M&T Bank Corp increased its position in Teledyne Technologies by 2.9% during the second quarter. M&T Bank Corp now owns 7,062 shares of the scientific and technical instruments company’s stock worth $901,000 after buying an additional 202 shares during the period. Pacer Advisors Inc. increased its position in Teledyne Technologies by 9.0% during the third quarter. Pacer Advisors Inc. now owns 4,258 shares of the scientific and technical instruments company’s stock worth $678,000 after buying an additional 353 shares during the period. Finally, Cardinal Capital Management increased its position in Teledyne Technologies by 7.4% during the third quarter. Cardinal Capital Management now owns 5,674 shares of the scientific and technical instruments company’s stock worth $903,000 after buying an additional 393 shares during the period. 84.07% of the stock is currently owned by institutional investors.

Several research analysts have commented on TDY shares. ValuEngine raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Needham & Company LLC lifted their price target on 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 lifted their price target on Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research lowered Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $175.33.

Teledyne Technologies Incorporated (NYSE:TDY) opened at $181.11 on Friday. The stock has a market capitalization of $6,400.00, a P/E ratio of 31.01, a PEG ratio of 3.61 and a beta of 1.03. 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 Incorporated has a twelve month low of $119.67 and a twelve month high of $186.54.

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

In other news, CFO Sue Main sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was 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 $7,515,911.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Cynthia Y. Belak sold 1,700 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $185.44, for a total value of $315,248.00. Following the completion of the transaction, the vice president now directly owns 6,903 shares in the company, valued at approximately $1,280,092.32. The disclosure for this sale can be found here. In the last three months, insiders sold 25,364 shares of company stock worth $4,643,847. 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.

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

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