Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 6,400 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 46.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 20,039 shares of the scientific and technical instruments company’s stock after buying an additional 6,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Teledyne Technologies were worth $9,301,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Cohen Capital Management Inc. increased its holdings in Teledyne Technologies by 58.5% in the 4th quarter. Cohen Capital Management Inc. now owns 11,952 shares of the scientific and technical instruments company’s stock valued at $5,547,000 after buying an additional 4,412 shares during the period. Bradley Foster & Sargent Inc. CT grew its holdings in shares of Teledyne Technologies by 1.4% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,130 shares of the scientific and technical instruments company’s stock valued at $1,917,000 after purchasing an additional 59 shares during the last quarter. ING Groep NV grew its holdings in shares of Teledyne Technologies by 144.9% during the 4th quarter. ING Groep NV now owns 5,952 shares of the scientific and technical instruments company’s stock valued at $2,763,000 after purchasing an additional 3,522 shares during the last quarter. Cardinal Capital Management grew its holdings in shares of Teledyne Technologies by 0.6% during the 4th quarter. Cardinal Capital Management now owns 7,389 shares of the scientific and technical instruments company’s stock valued at $3,429,000 after purchasing an additional 43 shares during the last quarter. Finally, Northstar Asset Management Inc. grew its holdings in shares of Teledyne Technologies by 4.2% during the 4th quarter. Northstar Asset Management Inc. now owns 870 shares of the scientific and technical instruments company’s stock valued at $404,000 after purchasing an additional 35 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

TDY has been the topic of several recent research reports. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. UBS Group started coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $538.00.

Teledyne Technologies Stock Down 1.9 %

Shares of NYSE TDY opened at $491.27 on Monday. The firm has a market cap of $22.89 billion, a PE ratio of 28.51, a P/E/G ratio of 3.14 and a beta of 1.03. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $522.50. The company’s fifty day simple moving average is $485.23 and its 200 day simple moving average is $461.62. 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 (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, topping the consensus estimate of $5.23 by $0.29. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.44 earnings per share. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Teledyne Technologies news, COO George C. Bobb III sold 6,308 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the transaction, the chief operating officer now owns 10,482 shares in the company, valued at approximately $5,322,445.14. This represents a 37.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael T. Smith sold 2,025 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $478.25, for a total transaction of $968,456.25. Following the completion of the sale, the director now owns 54,935 shares of the company’s stock, valued at approximately $26,272,663.75. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,190 shares of company stock valued at $16,386,864 over the last ninety days. 2.14% of the stock is owned by corporate 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.