Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,045,183 shares of the scientific and technical instruments company’s stock after purchasing an additional 16,136 shares during the period. Teledyne Technologies comprises about 1.3% of Kayne Anderson Rudnick Investment Management LLC’s investment portfolio, making the stock its 17th biggest position. Kayne Anderson Rudnick Investment Management LLC owned 2.96% of Teledyne Technologies worth $133,417,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Neuburgh Advisers LLC grew its holdings in shares of Teledyne Technologies by 17.7% during the 1st quarter. Neuburgh Advisers LLC now owns 1,168 shares of the scientific and technical instruments company’s stock valued at $148,000 after purchasing an additional 176 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Teledyne Technologies by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,188 shares of the scientific and technical instruments company’s stock valued at $149,000 after purchasing an additional 29 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Teledyne Technologies by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,325 shares of the scientific and technical instruments company’s stock valued at $169,000 after purchasing an additional 177 shares during the last quarter. Glen Harbor Capital Management LLC grew its holdings in shares of Teledyne Technologies by 17.7% during the 1st quarter. Glen Harbor Capital Management LLC now owns 1,606 shares of the scientific and technical instruments company’s stock valued at $203,000 after purchasing an additional 242 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Teledyne Technologies during the 1st quarter valued at $219,000. 83.19% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on TDY shares. Zacks Investment Research raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a report on Friday, June 2nd. BidaskClub raised shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Jefferies Group LLC reissued a “hold” rating and issued a $150.00 price target (up previously from $145.00) on shares of Teledyne Technologies in a report on Wednesday, August 9th. Finally, Needham & Company LLC raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Wednesday, July 5th.

TRADEMARK VIOLATION WARNING: “Kayne Anderson Rudnick Investment Management LLC Acquires 16,136 Shares of Teledyne Technologies Incorporated (TDY)” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/09/04/kayne-anderson-rudnick-investment-management-llc-acquires-16136-shares-of-teledyne-technologies-incorporated-tdy.html.

In other news, Chairman Robert Mehrabian bought 10,000 shares of Teledyne Technologies stock in a transaction dated Thursday, June 8th. The shares were acquired at an average price of $129.41 per share, with a total value of $1,294,100.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Melanie Susan Cibik sold 4,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $146.20, for a total transaction of $584,800.00. Following the completion of the sale, the vice president now directly owns 26,280 shares in the company, valued at approximately $3,842,136. The disclosure for this sale can be found here. In the last three months, insiders sold 14,000 shares of company stock worth $2,060,420. Insiders own 3.30% of the company’s stock.

Shares of Teledyne Technologies Incorporated (NYSE:TDY) traded up 0.33% during midday trading on Monday, reaching $150.55. 168,479 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $142.48 and its 200-day moving average is $133.17. Teledyne Technologies Incorporated has a 12-month low of $101.90 and a 12-month high of $151.54. The stock has a market cap of $5.32 billion, a PE ratio of 27.76 and a beta of 0.96.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.49. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The business had revenue of $671.10 million for the quarter, compared to the consensus estimate of $636.18 million. During the same quarter in the prior year, the firm posted $1.32 earnings per share. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, equities analysts expect that Teledyne Technologies Incorporated will post $5.69 EPS for the current year.

Teledyne Technologies Company Profile

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.

Want to see what other hedge funds are holding TDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teledyne Technologies Incorporated (NYSE:TDY).

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

Receive News & Ratings for Teledyne Technologies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.