41,605 Shares in Teledyne Technologies Incorporated (NYSE:TDY) Purchased by Jennison Associates LLC

Jennison Associates LLC bought a new position in Teledyne Technologies Incorporated (NYSE:TDY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,605 shares of the scientific and technical instruments company’s stock, valued at approximately $19,310,000. Jennison Associates LLC owned about 0.09% of Teledyne Technologies as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in TDY. Czech National Bank boosted its position in Teledyne Technologies by 5.5% during the 3rd quarter. Czech National Bank now owns 9,530 shares of the scientific and technical instruments company’s stock valued at $4,171,000 after purchasing an additional 494 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Teledyne Technologies by 42.3% during the third quarter. GAMMA Investing LLC now owns 589 shares of the scientific and technical instruments company’s stock valued at $258,000 after acquiring an additional 175 shares during the period. Fulton Bank N.A. grew its position in shares of Teledyne Technologies by 3.9% during the third quarter. Fulton Bank N.A. now owns 1,232 shares of the scientific and technical instruments company’s stock worth $539,000 after acquiring an additional 46 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Teledyne Technologies by 16.1% in the 3rd quarter. Mather Group LLC. now owns 289 shares of the scientific and technical instruments company’s stock worth $126,000 after acquiring an additional 40 shares during the period. Finally, LVW Advisors LLC lifted its position in Teledyne Technologies by 12.0% in the 3rd quarter. LVW Advisors LLC now owns 1,381 shares of the scientific and technical instruments company’s stock valued at $604,000 after purchasing an additional 148 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $515.38 on Thursday. The stock’s 50 day moving average price is $479.48 and its 200 day moving average price is $453.81. 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 $24.02 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 3.21 and a beta of 1.02. Teledyne Technologies Incorporated has a 12 month low of $355.41 and a 12 month high of $522.50.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.23 by $0.29. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.44 earnings per share. Equities research analysts anticipate that Teledyne Technologies Incorporated will post 21.51 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 transaction of $2,920,413.30. Following the completion of the sale, the vice president now directly owns 4,962 shares in the company, valued at approximately $2,522,383.08. This trade represents a 53.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Jason Vanwees sold 1,500 shares of Teledyne Technologies stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $488.71, for a total transaction of $733,065.00. Following the completion of the transaction, the insider now owns 2,900 shares in the company, valued at approximately $1,417,259. This trade represents a 34.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,683 shares of company stock worth $38,943,649. Corporate insiders own 1.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on TDY shares. Needham & Company LLC restated a “buy” rating and issued a $585.00 target price on shares of Teledyne Technologies in a research report on Wednesday. TD Cowen increased their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, UBS Group began coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target for the company. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Buy” and an average target price of $538.00.

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.