Allspring Global Investments Holdings LLC Has $145.97 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

Allspring Global Investments Holdings LLC grew its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 318,712 shares of the scientific and technical instruments company’s stock after purchasing an additional 30,157 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.68% of Teledyne Technologies worth $145,974,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC bought a new position in Teledyne Technologies in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in Teledyne Technologies in the 3rd quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new position in Teledyne Technologies in the 3rd quarter valued at approximately $39,000. Newbridge Financial Services Group Inc. bought a new position in Teledyne Technologies during the 4th quarter worth $46,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Teledyne Technologies by 432.0% during the third quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company’s stock worth $58,000 after acquiring an additional 108 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 2,025 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $478.25, for a total transaction of $968,456.25. Following the transaction, the director now owns 54,935 shares in the company, valued at approximately $26,272,663.75. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Robert Mehrabian sold 5,768 shares of Teledyne Technologies stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $518.22, for a total transaction of $2,989,092.96. Following the transaction, the chairman now owns 144,553 shares of the company’s stock, valued at $74,910,255.66. This represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,190 shares of company stock valued at $16,386,864. Company insiders own 2.14% of the company’s stock.

Teledyne Technologies Stock Down 0.5 %

Shares of NYSE TDY opened at $508.78 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The firm has a market cap of $23.71 billion, a PE ratio of 29.53, a P/E/G ratio of 3.19 and a beta of 1.03. The company’s fifty day simple moving average is $481.11 and its 200 day simple moving average is $456.31. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the firm earned $5.44 EPS. The business’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research report on Wednesday, February 5th. UBS Group began coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price target on the stock. TD Cowen lifted their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies has an average rating of “Buy” and an average price target of $538.00.

About Teledyne Technologies

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.