Sumitomo Mitsui Trust Holdings Inc. Has $59.84 Million Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Sumitomo Mitsui Trust Holdings Inc. grew its position in Teledyne Technologies Incorporated (NYSE:TDY) by 5.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 134,092 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,006 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Teledyne Technologies were worth $59,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in TDY. Louisiana State Employees Retirement System acquired a new position in Teledyne Technologies in the 4th quarter valued at $1,294,000. WCM Investment Management LLC acquired a new position in shares of Teledyne Technologies in the fourth quarter valued at about $934,000. NewEdge Wealth LLC increased its position in Teledyne Technologies by 9.7% during the fourth quarter. NewEdge Wealth LLC now owns 7,249 shares of the scientific and technical instruments company’s stock worth $3,235,000 after acquiring an additional 641 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in Teledyne Technologies in the 4th quarter worth about $90,000. Finally, Sapient Capital LLC bought a new stake in Teledyne Technologies in the 4th quarter valued at about $539,000. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling

In other Teledyne Technologies news, Director Michael T. Smith sold 511 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total transaction of $220,241.00. Following the completion of the transaction, the director now owns 56,492 shares of the company’s stock, valued at $24,348,052. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the sale, the director now owns 67,288 shares in the company, valued at $28,711,789.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael T. Smith sold 511 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total transaction of $220,241.00. Following the transaction, the director now owns 56,492 shares of the company’s stock, valued at $24,348,052. The disclosure for this sale can be found here. Insiders sold a total of 6,711 shares of company stock worth $2,890,621 in the last ninety days. 2.14% of the stock is owned by insiders.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $400.12 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.29. The company has a market cap of $18.96 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. The company has a 50 day moving average of $421.33 and a 200-day moving average of $414.99. Teledyne Technologies Incorporated has a 1-year low of $364.98 and a 1-year high of $448.19.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.40. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company earned $4.94 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities research analysts forecast that Teledyne Technologies Incorporated will post 20.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TDY. Needham & Company LLC dropped their price target on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $515.67.

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.