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

Mn Services Vermogensbeheer B.V. trimmed its stake in Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,000 shares of the scientific and technical instruments company's stock after selling 1,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Teledyne Technologies were worth $8,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Teledyne Technologies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,612,484 shares of the scientific and technical instruments company's stock valued at $2,604,922,000 after purchasing an additional 46,479 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Teledyne Technologies by 0.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,723,082 shares of the scientific and technical instruments company's stock valued at $799,734,000 after purchasing an additional 13,607 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Teledyne Technologies by 1.6% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,316,360 shares of the scientific and technical instruments company's stock worth $610,962,000 after buying an additional 20,165 shares during the period. Norges Bank purchased a new stake in shares of Teledyne Technologies in the 4th quarter worth $306,042,000. Finally, Invesco Ltd. lifted its holdings in shares of Teledyne Technologies by 4.6% in the 4th quarter. Invesco Ltd. now owns 626,522 shares of the scientific and technical instruments company's stock worth $290,788,000 after buying an additional 27,454 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock traded down $1.99 during trading hours on Wednesday, reaching $488.66. 358,147 shares of the company's stock were exchanged, compared to its average volume of 267,638. Teledyne Technologies Incorporated has a 1 year low of $380.63 and a 1 year high of $522.50. The company has a market capitalization of $22.90 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The company has a quick ratio of 1.44, a current ratio of 2.19 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $482.29 and a two-hundred day moving average of $484.32.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The scientific and technical instruments company reported $4.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.92 by $0.03. Teledyne Technologies had a return on equity of 9.95% and a net margin of 14.37%. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the prior year, the business earned $4.55 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts predict that Teledyne Technologies Incorporated will post 21.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Needham & Company LLC lowered their price objective on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Bank of America raised their target price on Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Wall Street Zen upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, TD Securities reissued a "buy" rating and issued a $550.00 price target on shares of Teledyne Technologies in a report on Thursday, April 24th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $542.50.

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.