10,000 Shares in Teledyne Technologies Incorporated (TDY) Acquired by State of Tennessee Treasury Department

State of Tennessee Treasury Department bought a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the scientific and technical instruments company’s stock, valued at approximately $1,592,000.

Several other large investors also recently modified their holdings of TDY. Teachers Advisors LLC lifted its position in Teledyne Technologies by 6.2% during the first quarter. Teachers Advisors LLC now owns 59,732 shares of the scientific and technical instruments company’s stock valued at $7,554,000 after purchasing an additional 3,464 shares during the last quarter. Capstone Asset Management Co. lifted its holdings in shares of Teledyne Technologies by 83.2% in the 2nd quarter. Capstone Asset Management Co. now owns 4,273 shares of the scientific and technical instruments company’s stock worth $545,000 after acquiring an additional 1,940 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Teledyne Technologies by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 12,812 shares of the scientific and technical instruments company’s stock worth $1,635,000 after acquiring an additional 536 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Teledyne Technologies by 18.6% in the 2nd quarter. LS Investment Advisors LLC now owns 2,858 shares of the scientific and technical instruments company’s stock worth $365,000 after acquiring an additional 448 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Teledyne Technologies by 3.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 9,200 shares of the scientific and technical instruments company’s stock worth $1,174,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 84.11% of the company’s stock.

In related news, VP Cynthia Y. Belak sold 1,700 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $185.44, for a total value of $315,248.00. Following the completion of the sale, the vice president now owns 6,903 shares of the company’s stock, valued at approximately $1,280,092.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Schack Wesley W. Von sold 1,206 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $182.73, for a total transaction of $220,372.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,406 shares of company stock valued at $3,743,275. Insiders own 3.30% of the company’s stock.

Several research analysts recently commented on TDY shares. Jefferies Group reaffirmed a “hold” rating and issued a $150.00 price target (up previously from $145.00) on shares of Teledyne Technologies in a research note on Wednesday, August 9th. Needham & Company LLC raised their target price on shares of Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. ValuEngine upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Finally, Zacks Investment Research cut shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $175.33.

Teledyne Technologies Incorporated (NYSE TDY) traded down $0.35 during mid-day trading on Thursday, reaching $180.06. 230,227 shares of the company were exchanged, compared to its average volume of 164,856. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64. Teledyne Technologies Incorporated has a one year low of $119.67 and a one year high of $186.54. The firm has a market cap of $6,361.56, a PE ratio of 27.16, a PEG ratio of 3.57 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.34. The firm had revenue of $662.20 million during the quarter, compared to analyst estimates of $656.20 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 EPS. sell-side analysts anticipate that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current year.

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Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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