Teledyne Technologies Incorporated (NYSE:TDY) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDYGet Rating) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,459 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,048 shares during the period. Rhumbline Advisers owned 0.18% of Teledyne Technologies worth $31,306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AlphaCrest Capital Management LLC increased its position in Teledyne Technologies by 149.2% during the second quarter. AlphaCrest Capital Management LLC now owns 1,834 shares of the scientific and technical instruments company’s stock worth $688,000 after purchasing an additional 1,098 shares during the last quarter. King Luther Capital Management Corp grew its stake in Teledyne Technologies by 8.5% during the second quarter. King Luther Capital Management Corp now owns 463,302 shares of the scientific and technical instruments company’s stock worth $173,789,000 after buying an additional 36,227 shares during the period. Bridgewater Associates LP grew its stake in Teledyne Technologies by 22.4% during the second quarter. Bridgewater Associates LP now owns 3,147 shares of the scientific and technical instruments company’s stock worth $1,180,000 after buying an additional 575 shares during the period. Toronto Dominion Bank grew its stake in Teledyne Technologies by 16.4% during the second quarter. Toronto Dominion Bank now owns 28,684 shares of the scientific and technical instruments company’s stock worth $10,757,000 after buying an additional 4,039 shares during the period. Finally, AIA Group Ltd grew its stake in Teledyne Technologies by 29.9% during the second quarter. AIA Group Ltd now owns 460 shares of the scientific and technical instruments company’s stock worth $173,000 after buying an additional 106 shares during the period. Institutional investors and hedge funds own 89.77% of the company’s stock.

Insider Activity

In other news, VP Cynthia Y. Belak sold 5,046 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $412.05, for a total value of $2,079,204.30. Following the completion of the transaction, the vice president now directly owns 4,457 shares in the company, valued at $1,836,506.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,046 shares of the stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $412.05, for a total transaction of $2,079,204.30. Following the transaction, the vice president now directly owns 4,457 shares in the company, valued at approximately $1,836,506.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael T. Smith sold 4,000 shares of the stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $419.49, for a total transaction of $1,677,960.00. Following the transaction, the director now owns 56,073 shares in the company, valued at $23,522,062.77. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Teledyne Technologies Price Performance

Shares of TDY stock opened at $419.94 on Thursday. The company has a market capitalization of $19.68 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 3.26 and a beta of 1.10. The firm has a fifty day simple moving average of $372.62 and a 200-day simple moving average of $381.49. The company has a current ratio of 1.78, a quick ratio of 1.19 and a debt-to-equity ratio of 0.47. Teledyne Technologies Incorporated has a twelve month low of $325.00 and a twelve month high of $493.97.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of Teledyne Technologies from $470.00 to $445.00 and set an “underweight” rating for the company in a research note on Tuesday, August 16th. Needham & Company LLC decreased their price objective on shares of Teledyne Technologies from $520.00 to $472.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. StockNews.com began coverage on shares of Teledyne Technologies in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, TheStreet upgraded shares of Teledyne Technologies from a “c+” rating to a “b-” rating in a research note on Friday, August 5th.

Teledyne Technologies Company Profile

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Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.

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

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