APG Asset Management N.V. Purchases 24,815 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

APG Asset Management N.V. increased its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 994.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,310 shares of the scientific and technical instruments company's stock after purchasing an additional 24,815 shares during the period. APG Asset Management N.V. owned 0.06% of Teledyne Technologies worth $12,241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of TDY. Bank of Nova Scotia boosted its holdings in Teledyne Technologies by 1.1% in the 4th quarter. Bank of Nova Scotia now owns 6,999 shares of the scientific and technical instruments company's stock valued at $3,248,000 after purchasing an additional 79 shares during the last quarter. FIL Ltd grew its position in shares of Teledyne Technologies by 72.8% in the fourth quarter. FIL Ltd now owns 260,187 shares of the scientific and technical instruments company's stock valued at $120,761,000 after purchasing an additional 109,615 shares during the last quarter. Maren Capital LLC raised its position in shares of Teledyne Technologies by 3.4% in the fourth quarter. Maren Capital LLC now owns 284,564 shares of the scientific and technical instruments company's stock valued at $132,075,000 after buying an additional 9,329 shares during the last quarter. Invesco Ltd. grew its holdings in Teledyne Technologies by 4.6% in the fourth quarter. Invesco Ltd. now owns 626,522 shares of the scientific and technical instruments company's stock valued at $290,788,000 after purchasing an additional 27,454 shares during the period. Finally, Polymer Capital Management US LLC purchased a new position in Teledyne Technologies in the fourth quarter valued at approximately $222,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Teledyne Technologies Stock Down 1.0 %

TDY stock traded down $4.76 during trading on Wednesday, hitting $463.86. 51,202 shares of the stock traded hands, compared to its average volume of 257,941. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $522.50. The firm's 50 day moving average is $489.18 and its two-hundred day moving average is $477.81. 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 stock has a market cap of $21.73 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.23 by $0.29. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The company's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.44 EPS. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TDY shares. StockNews.com lowered shares of Teledyne Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $585.00 target price on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Finally, Bank of America upped their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $548.00.

Insiders Place Their Bets

In related news, Chairman Robert Mehrabian sold 5,768 shares of Teledyne Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $518.22, for a total value of $2,989,092.96. Following the transaction, the chairman now owns 144,553 shares in the company, valued at approximately $74,910,255.66. This trade represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Cynthia Y. Belak sold 5,745 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $508.34, for a total value of $2,920,413.30. Following the completion of the transaction, the vice president now directly owns 4,962 shares of the company's stock, valued at $2,522,383.08. This represents a 53.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,571 shares of company stock valued at $17,709,721 in the last three months. 1.50% of the stock is currently owned by insiders.

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.