Fjarde AP Fonden Fourth Swedish National Pension Fund Has $9.30 Million Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 46.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,039 shares of the scientific and technical instruments company's stock after buying an additional 6,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Teledyne Technologies were worth $9,301,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TDY. Covea Finance increased its holdings in shares of Teledyne Technologies by 25.1% in the fourth quarter. Covea Finance now owns 21,400 shares of the scientific and technical instruments company's stock valued at $9,932,000 after purchasing an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Teledyne Technologies by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150,065 shares of the scientific and technical instruments company's stock valued at $503,338,000 after buying an additional 64,617 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Teledyne Technologies by 10.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,515 shares of the scientific and technical instruments company's stock valued at $3,024,000 after acquiring an additional 640 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Teledyne Technologies by 37.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,290 shares of the scientific and technical instruments company's stock valued at $2,021,000 after acquiring an additional 1,176 shares during the period. Finally, Verition Fund Management LLC lifted its position in Teledyne Technologies by 240.5% during the third quarter. Verition Fund Management LLC now owns 36,524 shares of the scientific and technical instruments company's stock worth $15,985,000 after acquiring an additional 25,796 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Price Performance

NYSE:TDY traded down $0.56 during trading hours on Thursday, reaching $500.73. 232,404 shares of the company were exchanged, compared to its average volume of 244,092. The company has a market capitalization of $23.45 billion, a P/E ratio of 29.06, a P/E/G ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The business has a 50 day moving average of $487.08 and a 200 day moving average of $463.14. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping 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 company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter last year, the business earned $5.44 earnings per share. Teledyne Technologies's revenue was up 5.4% on a year-over-year basis. Research analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TDY. Needham & Company LLC reiterated a "buy" rating and set a $585.00 target price on shares of Teledyne Technologies in a research note on Wednesday, February 5th. UBS Group initiated coverage on Teledyne Technologies in a report on Tuesday, December 10th. They issued a "buy" rating and a $585.00 price objective on the stock. Finally, Bank of America raised Teledyne Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $538.00.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, VP Cynthia Y. Belak sold 5,745 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the completion of the transaction, the vice president now directly owns 4,962 shares in the company, valued at $2,522,383.08. The trade was a 53.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO George C. Bobb III sold 6,308 shares of the firm's stock in a transaction on Friday, January 24th. The shares were 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. This represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,190 shares of company stock valued at $16,386,864. Company insiders own 1.88% of the company's stock.

Teledyne Technologies Company 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.