Jennison Associates LLC Buys 60,335 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Jennison Associates LLC lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 50.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 period. 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 also recently made changes to their positions in the stock. Aristotle Capital Management LLC bought a new position in Teledyne Technologies in the third quarter valued at $698,325,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Teledyne Technologies by 26.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 929,995 shares of the scientific and technical instruments company’s stock valued at $379,977,000 after acquiring an additional 193,544 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Teledyne Technologies by 19.7% in the third quarter. JPMorgan Chase & Co. now owns 922,621 shares of the scientific and technical instruments company’s stock valued at $376,965,000 after acquiring an additional 151,659 shares during the last quarter. Sei Investments Co. lifted its stake in Teledyne Technologies by 35.6% in the third quarter. Sei Investments Co. now owns 300,028 shares of the scientific and technical instruments company’s stock valued at $122,586,000 after acquiring an additional 78,699 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Teledyne Technologies by 37,167.5% in the fourth quarter. International Assets Investment Management LLC now owns 72,299 shares of the scientific and technical instruments company’s stock valued at $32,266,000 after acquiring an additional 72,105 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Insiders Place Their Bets

In other Teledyne Technologies news, Director Michael T. Smith sold 511 shares of Teledyne Technologies stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total value of $220,241.00. Following the completion of the sale, the director now owns 56,492 shares in the company, valued at approximately $24,348,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the sale, the director now owns 67,288 shares in the company, valued at approximately $28,711,789.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael T. Smith sold 511 shares of Teledyne Technologies stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total transaction of $220,241.00. Following the completion of the sale, the director now 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 quarter. 1.88% of the stock is currently owned by corporate insiders.

Teledyne Technologies Stock Performance

NYSE TDY opened at $404.08 on Tuesday. The firm has a 50-day moving average of $420.22 and a 200-day moving average of $415.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.17 and a current ratio of 1.69. The stock has a market cap of $19.15 billion, a PE ratio of 21.84, 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.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.40. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the company posted $4.94 EPS. Teledyne Technologies’s quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 20.56 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on TDY shares. Needham & Company LLC cut their price target on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $515.67.

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.