Aviva PLC Purchases 6,531 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Aviva PLC lifted its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 42.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,078 shares of the scientific and technical instruments company’s stock after buying an additional 6,531 shares during the quarter. Aviva PLC’s holdings in Teledyne Technologies were worth $9,247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Banco Santander S.A. boosted its position in Teledyne Technologies by 1.3% during the first quarter. Banco Santander S.A. now owns 1,913 shares of the scientific and technical instruments company’s stock valued at $791,000 after purchasing an additional 24 shares in the last quarter. Brinker Capital Investments LLC boosted its position in Teledyne Technologies by 4.6% during the second quarter. Brinker Capital Investments LLC now owns 589 shares of the scientific and technical instruments company’s stock valued at $247,000 after purchasing an additional 26 shares in the last quarter. Intrust Bank NA boosted its position in Teledyne Technologies by 3.3% during the first quarter. Intrust Bank NA now owns 1,047 shares of the scientific and technical instruments company’s stock valued at $433,000 after purchasing an additional 33 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Teledyne Technologies by 3.5% during the first quarter. Janney Montgomery Scott LLC now owns 1,014 shares of the scientific and technical instruments company’s stock valued at $419,000 after purchasing an additional 34 shares in the last quarter. Finally, CSat Investment Advisory L.P. boosted its position in Teledyne Technologies by 34.0% during the first quarter. CSat Investment Advisory L.P. now owns 142 shares of the scientific and technical instruments company’s stock valued at $59,000 after purchasing an additional 36 shares in the last quarter. 88.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:TDY opened at $431.39 on Wednesday. Teledyne Technologies Incorporated has a 52-week low of $301.76 and a 52-week high of $465.40. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of 44.61, a PEG ratio of 1.97 and a beta of 1.13. The company has a quick ratio of 1.69, a current ratio of 2.52 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $446.48 and a 200-day moving average price of $426.35.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, July 28th. The scientific and technical instruments company reported $4.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $1.67. Teledyne Technologies had a return on equity of 12.57% and a net margin of 10.77%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1 billion. As a group, equities analysts anticipate that Teledyne Technologies Incorporated will post 15.57 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on TDY shares. Needham & Company LLC raised their price objective on Teledyne Technologies from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Thursday, July 29th. Bank of America began coverage on Teledyne Technologies in a research note on Tuesday, May 25th. They issued a “buy” rating and a $504.00 price target for the company. The Goldman Sachs Group began coverage on Teledyne Technologies in a research note on Tuesday, June 8th. They issued a “neutral” rating for the company. Finally, Cowen increased their price target on Teledyne Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, July 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $484.00.

In related news, EVP Jason Vanwees purchased 1,500 shares of Teledyne Technologies stock in a transaction that occurred on Monday, September 13th. The stock was bought at an average cost of $426.00 per share, for a total transaction of $639,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is currently owned by company insiders.

About Teledyne Technologies

Teledyne Technologies, Inc engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. The Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial, and other applications; and electronic test and measurement equipment.

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

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