Tredje AP fonden Lowers Stake in Teledyne Technologies Incorporated (NYSE:TDY)

Tredje AP fonden lessened its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,337 shares of the scientific and technical instruments company’s stock after selling 116 shares during the period. Tredje AP fonden’s holdings in Teledyne Technologies were worth $2,847,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TDY. Maren Capital LLC purchased a new stake in shares of Teledyne Technologies in the fourth quarter valued at approximately $82,700,000. Public Sector Pension Investment Board increased its holdings in Teledyne Technologies by 1,755.0% in the 4th quarter. Public Sector Pension Investment Board now owns 93,325 shares of the scientific and technical instruments company’s stock worth $41,650,000 after acquiring an additional 88,294 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Teledyne Technologies by 235.6% during the second quarter. Assenagon Asset Management S.A. now owns 125,245 shares of the scientific and technical instruments company’s stock worth $48,593,000 after acquiring an additional 87,925 shares during the period. Vanguard Group Inc. lifted its holdings in Teledyne Technologies by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 5,517,922 shares of the scientific and technical instruments company’s stock valued at $2,462,593,000 after purchasing an additional 77,890 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Teledyne Technologies by 3.2% in the first quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company’s stock valued at $676,041,000 after purchasing an additional 48,397 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Vertical Research began coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target on the stock. StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Needham & Company LLC boosted their price target on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $471.17.

Teledyne Technologies Stock Up 2.4 %

Shares of TDY opened at $436.88 on Friday. The stock has a fifty day simple moving average of $416.82 and a two-hundred day simple moving average of $406.44. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $20.44 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02. Teledyne Technologies Incorporated has a 52-week low of $355.41 and a 52-week high of $448.19.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned $4.67 earnings per share. Teledyne Technologies’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 19.43 EPS for the current year.

About Teledyne Technologies

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.