APG Asset Management N.V. Sells 9,800 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

APG Asset Management N.V. reduced its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 10.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,606 shares of the scientific and technical instruments company’s stock after selling 9,800 shares during the quarter. APG Asset Management N.V.’s holdings in Teledyne Technologies were worth $29,904,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TDY. AQR Capital Management LLC increased its stake in shares of Teledyne Technologies by 1.5% in the 2nd quarter. AQR Capital Management LLC now owns 9,275 shares of the scientific and technical instruments company’s stock valued at $3,591,000 after acquiring an additional 141 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Teledyne Technologies by 605.2% in the second quarter. Squarepoint Ops LLC now owns 9,027 shares of the scientific and technical instruments company’s stock worth $3,502,000 after purchasing an additional 7,747 shares during the period. Fred Alger Management LLC increased its stake in Teledyne Technologies by 123.8% in the second quarter. Fred Alger Management LLC now owns 376 shares of the scientific and technical instruments company’s stock valued at $146,000 after purchasing an additional 208 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Teledyne Technologies by 61.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,075 shares of the scientific and technical instruments company’s stock valued at $3,521,000 after purchasing an additional 3,441 shares during the period. Finally, Distillate Capital Partners LLC bought a new position in shares of Teledyne Technologies during the 2nd quarter worth about $14,529,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Teledyne Technologies Stock Performance

Shares of TDY opened at $435.60 on Friday. The firm has a market capitalization of $20.38 billion, a P/E ratio of 23.56, a P/E/G ratio of 3.05 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. The stock has a 50 day moving average price of $420.34 and a two-hundred day moving average price of $406.71. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98.

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

Analyst Ratings Changes

A number of research firms recently weighed in on TDY. Needham & Company LLC upped their price target on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Vertical Research initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $466.40.

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.