APG Asset Management US Inc. Acquires Shares of 1,473 Teledyne Technologies Incorporated (NYSE:TDY)

APG Asset Management US Inc. acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,473 shares of the scientific and technical instruments company’s stock, valued at approximately $684,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Teledyne Technologies during the fourth quarter valued at approximately $53,304,000. Martingale Asset Management L P bought a new position in shares of Teledyne Technologies during the fourth quarter valued at approximately $2,863,000. Faithward Advisors LLC raised its holdings in shares of Teledyne Technologies by 1.9% during the fourth quarter. Faithward Advisors LLC now owns 8,600 shares of the scientific and technical instruments company’s stock valued at $3,992,000 after acquiring an additional 160 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of Teledyne Technologies by 994.6% during the fourth quarter. APG Asset Management N.V. now owns 27,310 shares of the scientific and technical instruments company’s stock valued at $12,241,000 after acquiring an additional 24,815 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in shares of Teledyne Technologies by 1.1% during the fourth 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 acquiring an additional 79 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America increased their price objective on Teledyne Technologies from $550.00 to $600.00 and gave the stock 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 report on Wednesday, April 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $585.00 price objective on shares of Teledyne Technologies in a report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $548.00.

Teledyne Technologies Stock Up 7.5 %

NYSE TDY opened at $468.17 on Thursday. The stock’s 50-day moving average price is $492.94 and its 200-day moving average price is $476.98. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $522.50. The company has a market capitalization of $21.93 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.23 by $0.29. The company 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 firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $5.44 EPS. On average, equities research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current year.

Insider Activity at Teledyne Technologies

In related news, COO George C. Bobb III sold 6,308 shares of Teledyne Technologies stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the sale, the chief operating officer now owns 10,482 shares of the company’s stock, valued at approximately $5,322,445.14. This trade represents a 37.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the firm’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 value of $2,920,413.30. Following the transaction, the vice president now 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. In the last 90 days, insiders have sold 34,571 shares of company stock valued at $17,709,721. 1.50% of the stock is owned by company insiders.

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.