Mn Services Vermogensbeheer B.V. Grows Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Mn Services Vermogensbeheer B.V. raised its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,400 shares of the scientific and technical instruments company’s stock after acquiring an additional 300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Teledyne Technologies were worth $8,540,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of TDY. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 64,617 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Teledyne Technologies in the 4th quarter valued at about $19,310,000. State Street Corp increased its stake in shares of Teledyne Technologies by 1.9% in the 3rd quarter. State Street Corp now owns 2,040,896 shares of the scientific and technical instruments company’s stock valued at $893,219,000 after purchasing an additional 37,884 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Teledyne Technologies by 217.5% in the 3rd quarter. National Bank of Canada FI now owns 53,819 shares of the scientific and technical instruments company’s stock valued at $23,554,000 after purchasing an additional 36,867 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Teledyne Technologies by 10.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 318,712 shares of the scientific and technical instruments company’s stock valued at $145,974,000 after purchasing an additional 30,157 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Activity at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 5,768 shares of the company’s stock in a transaction that occurred 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 directly owns 144,553 shares in the company, valued at approximately $74,910,255.66. This represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the company’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 completion of the transaction, the vice president now owns 4,962 shares in the company, valued at $2,522,383.08. This represents a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,190 shares of company stock worth $16,386,864. Insiders own 1.88% of the company’s stock.

Analyst Ratings Changes

TDY has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. UBS Group began 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 upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $538.00.

Teledyne Technologies Trading Up 2.9 %

Shares of Teledyne Technologies stock opened at $515.60 on Friday. The stock has a market cap of $24.15 billion, a P/E ratio of 29.92, a P/E/G ratio of 3.14 and a beta of 1.03. The stock’s 50 day simple moving average is $487.79 and its 200-day simple moving average is $463.40. Teledyne Technologies Incorporated has a 1-year low of $355.41 and a 1-year high of $522.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61.

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 for the quarter, topping the consensus estimate of $5.23 by $0.29. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.44 EPS. Analysts predict that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

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.