Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Teledyne Technologies Incorporated (NYSE:TDYFree Report) by 15.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,465 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,260 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Teledyne Technologies were worth $3,867,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Teledyne Technologies during the 4th quarter valued at $166,954,000. Point72 Asset Management L.P. raised its holdings in Teledyne Technologies by 2,227.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 317,251 shares of the scientific and technical instruments company’s stock valued at $130,425,000 after buying an additional 303,619 shares during the period. Durable Capital Partners LP purchased a new stake in Teledyne Technologies during the 1st quarter valued at $140,332,000. BlackRock Inc. grew its position in Teledyne Technologies by 5.4% in the 2nd quarter. BlackRock Inc. now owns 3,856,247 shares of the scientific and technical instruments company’s stock valued at $1,585,342,000 after acquiring an additional 196,915 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its position in Teledyne Technologies by 262.9% in the 1st quarter. 1832 Asset Management L.P. now owns 184,700 shares of the scientific and technical instruments company’s stock valued at $82,627,000 after acquiring an additional 133,800 shares during the last quarter. 87.57% of the stock is owned by hedge funds and other institutional investors.

Teledyne Technologies Price Performance

TDY opened at $434.03 on Monday. Teledyne Technologies Incorporated has a 12-month low of $364.98 and a 12-month high of $448.71. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $429.97 and its 200-day simple moving average is $409.24. The company has a market capitalization of $20.48 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.80 and a beta of 1.03.

Teledyne Technologies (NYSE:TDYGet Free Report) last posted its quarterly 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 return on equity of 10.81% and a net margin of 15.72%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company earned $4.94 EPS. The business’s revenue was up .5% compared to the same quarter last year. On average, equities research analysts anticipate that Teledyne Technologies Incorporated will post 20.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TDY shares. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Needham & Company LLC cut their price objective on Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $515.67.

Check Out Our Latest Research Report on TDY

Insider Transactions at Teledyne Technologies

In related news, Director Kenneth C. Dahlberg sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the sale, the director now owns 18,735 shares of the company’s stock, valued at $8,110,568.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Teledyne Technologies news, CFO Sue Main sold 9,461 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $421.34, for a total value of $3,986,297.74. Following the completion of the sale, the chief financial officer now directly owns 40,127 shares in the company, valued at $16,907,110.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $432.91, for a total value of $1,731,640.00. Following the completion of the sale, the director now directly owns 18,735 shares of the company’s stock, valued at approximately $8,110,568.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,277 shares of company stock valued at $31,130,219. 2.14% of the stock is currently owned by corporate insiders.

Teledyne Technologies Profile

(Free Report)

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, France, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.

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

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