Jennison Associates LLC Raises Stock Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Jennison Associates LLC raised its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 50.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 178,793 shares of the scientific and technical instruments company's stock after acquiring an additional 60,335 shares during the quarter. Jennison Associates LLC owned approximately 0.38% of Teledyne Technologies worth $79,794,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Allworth Financial LP boosted its position in Teledyne Technologies by 26.5% during the 3rd quarter. Allworth Financial LP now owns 129 shares of the scientific and technical instruments company's stock valued at $53,000 after acquiring an additional 27 shares in the last quarter. Great Lakes Advisors LLC boosted its position in shares of Teledyne Technologies by 5.5% in the 3rd quarter. Great Lakes Advisors LLC now owns 540 shares of the scientific and technical instruments company's stock worth $221,000 after purchasing an additional 28 shares in the last quarter. Park Place Capital Corp boosted its position in shares of Teledyne Technologies by 8.0% in the 3rd quarter. Park Place Capital Corp now owns 420 shares of the scientific and technical instruments company's stock worth $172,000 after purchasing an additional 31 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Teledyne Technologies by 0.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 3,669 shares of the scientific and technical instruments company's stock worth $1,499,000 after purchasing an additional 32 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Teledyne Technologies by 3.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,089 shares of the scientific and technical instruments company's stock worth $445,000 after purchasing an additional 32 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Insider Transactions at Teledyne Technologies

In related news, Director Kenneth C. Dahlberg sold 4,000 shares of the company's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the transaction, the director now owns 18,735 shares of the company's stock, valued at approximately $8,110,568.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Kenneth C. Dahlberg sold 4,000 shares of the company's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the transaction, the director now owns 18,735 shares of the company's stock, valued at approximately $8,110,568.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael T. Smith sold 511 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total transaction of $220,241.00. Following the transaction, the director now directly owns 56,492 shares of the company's stock, valued at approximately $24,348,052. The disclosure for this sale can be found here. Insiders sold 6,711 shares of company stock worth $2,890,621 in the last three months. Corporate insiders own 1.88% of the company's stock.

Analyst Upgrades and Downgrades

TDY has been the subject of a number of recent analyst reports. Needham & Company LLC decreased their price objective on shares of Teledyne Technologies from $522.00 to $510.00 and set a "buy" rating for the company in a report on Wednesday, January 24th. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Saturday, February 10th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $515.67.

Teledyne Technologies Stock Performance

TDY traded up $2.96 during mid-day trading on Tuesday, reaching $407.04. 292,421 shares of the company traded hands, compared to its average volume of 215,712. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $19.29 billion, a P/E ratio of 22.18, a P/E/G ratio of 2.58 and a beta of 1.02. Teledyne Technologies Incorporated has a 52-week low of $364.98 and a 52-week high of $448.19. The company's fifty day moving average price is $420.22 and its 200-day moving average price is $415.23.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 EPS for the quarter, topping the consensus estimate of $5.04 by $0.40. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. Teledyne Technologies's revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $4.94 EPS. On average, sell-side analysts expect that Teledyne Technologies Incorporated will post 20.56 EPS for the current year.

Teledyne Technologies 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.