Teachers Retirement System of The State of Kentucky Reduces Stock Position in Teledyne Technologies Incorporated (NYSE:TDY)

Teachers Retirement System of The State of Kentucky decreased its holdings in Teledyne Technologies Incorporated (NYSE:TDY) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,730 shares of the scientific and technical instruments company’s stock after selling 113 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Teledyne Technologies were worth $1,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Teledyne Technologies by 2.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 33,365 shares of the scientific and technical instruments company’s stock worth $14,890,000 after purchasing an additional 694 shares during the period. Tower Research Capital LLC TRC increased its position in Teledyne Technologies by 308.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,426 shares of the scientific and technical instruments company’s stock valued at $3,760,000 after acquiring an additional 6,365 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Teledyne Technologies by 4.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 2,070 shares of the scientific and technical instruments company’s stock valued at $924,000 after acquiring an additional 91 shares during the period. Cibc World Markets Corp lifted its holdings in shares of Teledyne Technologies by 133.6% in the 4th quarter. Cibc World Markets Corp now owns 6,070 shares of the scientific and technical instruments company’s stock worth $2,709,000 after acquiring an additional 3,472 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Teledyne Technologies by 1.9% during the 4th quarter. Northern Trust Corp now owns 519,334 shares of the scientific and technical instruments company’s stock worth $231,774,000 after purchasing an additional 9,455 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TDY. Needham & Company LLC increased their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Vertical Research initiated coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average price target of $450.50.

Teledyne Technologies Stock Performance

Teledyne Technologies stock opened at $440.70 on Friday. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The company has a market capitalization of $20.62 billion, a PE ratio of 23.83, a P/E/G ratio of 3.11 and a beta of 1.01. The company has a 50 day moving average price of $424.13 and a 200-day moving average price of $407.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.09. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.67 EPS. As a group, equities analysts forecast that Teledyne Technologies Incorporated will post 19.43 earnings per share 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.