Institutional 6.7% Stake in TDY Reported by T. Rowe Price
Rhea-AI Filing Summary
T. Rowe Price Associates, Inc. reports beneficial ownership of 3,126,015 shares of Teledyne Technologies common stock, representing 6.7% of the class. The filing shows sole voting power over 2,974,411 shares and sole dispositive power over 3,105,452 shares, and lists the reporting person as an investment adviser (IA).
The filer certifies these securities are held in the ordinary course of business and were not acquired to change or influence control. In short, this is a sizable institutional stake disclosed as passive ownership rather than an active governance pursuit.
Positive
- Holds 3,126,015 shares, representing 6.7% of Teledyne common stock
- Reports ownership as an investment adviser and states shares are held in the ordinary course, not to influence control
Negative
- None.
Insights
TL;DR A meaningful 6.7% institutional holding reported as passive; signals investor interest without an immediate control agenda.
The stake of 3,126,015 shares exceeds the 5% disclosure threshold and therefore is material to ownership structure. Sole voting and dispositive power figures indicate T. Rowe Price can direct votes and dispositions for most of its position, but the Schedule 13G format and the certification that shares are held in the ordinary course suggest no intent to pursue control or activist actions. This is likely neutral for near-term governance risk but confirms concentrated institutional ownership that could matter for future votes or proposals.
TL;DR A sizable passive stake by an IA can influence outcomes indirectly but does not signal a takeover effort.
The filing records sole voting power of 2,974,411 shares and sole dispositive power of 3,105,452 shares, which gives the adviser de facto control over proxy votes for much of its position. However, the explicit certification that the position is held in the ordinary course and not to change or influence control aligns with a Schedule 13G disclosure rather than an activist 13D. Investors should note the size of the holding as a governance factor, but the document contains no affirmative steps toward board or control actions.