Teledyne Technologies Incorporated (NYSE:TDY) Stock Holdings Lessened by APG Asset Management N.V.

APG Asset Management N.V. lessened its holdings in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 10.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,606 shares of the scientific and technical instruments company's stock after selling 9,800 shares during the period. APG Asset Management N.V. owned about 0.17% of Teledyne Technologies worth $29,904,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new stake in Teledyne Technologies during the 4th quarter valued at $29,000. American National Bank acquired a new stake in shares of Teledyne Technologies during the second quarter valued at about $28,000. Innealta Capital LLC purchased a new stake in shares of Teledyne Technologies during the second quarter worth about $28,000. Tortoise Investment Management LLC lifted its stake in shares of Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company's stock worth $29,000 after acquiring an additional 24 shares in the last quarter. Finally, Crewe Advisors LLC boosted its holdings in Teledyne Technologies by 319.0% in the second quarter. Crewe Advisors LLC now owns 88 shares of the scientific and technical instruments company's stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TDY. Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Vertical Research initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $470.00 price target on the stock. Finally, StockNews.com lowered Teledyne Technologies from a "buy" rating to a "hold" rating in a report on Sunday, August 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $466.40.

Teledyne Technologies Stock Performance

TDY traded down $0.45 on Friday, hitting $435.74. 209,681 shares of the company's stock were exchanged, compared to its average volume of 241,388. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average of $421.20 and a two-hundred day moving average of $406.78. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $448.19. The firm has a market cap of $20.38 billion, a PE ratio of 23.57, a P/E/G ratio of 3.05 and a beta of 1.02.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.49 by $0.09. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.67 EPS. On average, research analysts anticipate that Teledyne Technologies Incorporated will post 19.43 earnings per share 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.