APG Asset Management US Inc. Invests $684,000 in Teledyne Technologies Incorporated (NYSE:TDY)

APG Asset Management US Inc. bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,473 shares of the scientific and technical instruments company's stock, valued at approximately $684,000.

Several other hedge funds have also made changes to their positions in the business. Stratos Wealth Partners LTD. lifted its position in Teledyne Technologies by 4.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 500 shares of the scientific and technical instruments company's stock worth $232,000 after acquiring an additional 21 shares during the period. Ironwood Investment Management LLC lifted its holdings in shares of Teledyne Technologies by 0.8% during the fourth quarter. Ironwood Investment Management LLC now owns 2,876 shares of the scientific and technical instruments company's stock worth $1,335,000 after purchasing an additional 22 shares during the period. New York Life Investment Management LLC lifted its holdings in shares of Teledyne Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 6,214 shares of the scientific and technical instruments company's stock worth $2,884,000 after purchasing an additional 25 shares during the period. Allworth Financial LP grew its position in Teledyne Technologies by 15.1% in the 4th quarter. Allworth Financial LP now owns 206 shares of the scientific and technical instruments company's stock valued at $105,000 after buying an additional 27 shares during the last quarter. Finally, Net Worth Advisory Group increased its stake in Teledyne Technologies by 1.5% in the 4th quarter. Net Worth Advisory Group now owns 1,802 shares of the scientific and technical instruments company's stock valued at $836,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Insider Buying and Selling

In related news, Vice Chairman Jason Vanwees sold 3,700 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $520.06, for a total value of $1,924,222.00. Following the completion of the transaction, the insider now directly owns 51,324 shares in the company, valued at approximately $26,691,559.44. This represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO George C. Bobb III sold 6,308 shares of the firm's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the sale, the chief operating officer now directly owns 10,482 shares in the company, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,571 shares of company stock worth $17,709,721. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TDY. Bank of America lifted their target price on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a report on Monday, March 17th. StockNews.com downgraded Teledyne Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Teledyne Technologies presently has an average rating of "Moderate Buy" and an average price target of $548.00.

Teledyne Technologies Price Performance

NYSE TDY traded up $3.01 during mid-day trading on Tuesday, hitting $469.82. The stock had a trading volume of 46,181 shares, compared to its average volume of 258,024. The company has a 50 day simple moving average of $490.03 and a 200 day simple moving average of $477.88. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. The company has a market cap of $22.01 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating analysts' consensus estimates of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the prior year, the firm earned $5.44 EPS. Teledyne Technologies's quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Teledyne Technologies Profile

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.