Bank of America Corp DE acquired 610,193 shares of Teledyne Technologies Incorporated. This investment is valued at approximately $406.94 million according to a recent SEC filing. The purchase provides Bank of America with a 1.32% ownership stake in the technical instruments firm.
Teledyne recently reported second-quarter financial results that exceeded analyst expectations. The company subsequently raised its full-year earnings guidance. Other hedge funds have also increased trading activity in Teledyne shares during this period.