BlackRock Amends Teledyne Technologies Stake (17th Amendment)
Ticker: TDY · Form: SC 13G/A · Filed: Jan 25, 2024
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Teledyne, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 25, 2024, indicating its ownership of Teledyne Technologies Inc. common stock as of December 31, 2023. This filing, Amendment No. 17, updates previous disclosures about BlackRock's passive investment in Teledyne. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence in Teledyne's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated passive ownership in Teledyne Technologies, providing transparency on a major institutional investor's position, which can influence market sentiment.
Risk Assessment
Risk Level: low — This is a routine amendment from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive interest in Teledyne Technologies, but this routine update doesn't suggest any immediate buy or sell action. It's a data point for understanding institutional ownership.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Teledyne Technologies Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 17 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 17)'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' and '(1)Names of reporting persons. BlackRock, Inc.'.
What is the subject company whose securities are being reported?
The subject company is TELEDYNE TECHNOLOGIES INCORPORATED, as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TELEDYNE TECHNOLOGIES INC' and '(Name of Issuer) TELEDYNE TECHNOLOGIES INCORPORATED'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated in the filing: 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Teledyne Technologies Inc. is 879360105, as listed under '(CUSIP Number) 879360105'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding TELEDYNE TECHNOLOGIES INC (TDY).