Teacher Retirement System of Texas Purchases New Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

Teacher Retirement System of Texas acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 438 shares of the scientific and technical instruments company’s stock, valued at approximately $203,000.

A number of other hedge funds also recently added to or reduced their stakes in TDY. Wilmington Savings Fund Society FSB acquired a new stake in shares of Teledyne Technologies in the 3rd quarter valued at approximately $39,000. Newbridge Financial Services Group Inc. purchased a new position in Teledyne Technologies in the fourth quarter worth $46,000. Tortoise Investment Management LLC lifted its holdings in Teledyne Technologies by 63.2% in the fourth quarter. Tortoise Investment Management LLC now owns 124 shares of the scientific and technical instruments company’s stock valued at $58,000 after acquiring an additional 48 shares during the period. Private Trust Co. NA boosted its position in shares of Teledyne Technologies by 43.0% during the 4th quarter. Private Trust Co. NA now owns 173 shares of the scientific and technical instruments company’s stock worth $80,000 after purchasing an additional 52 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Teledyne Technologies by 31.6% during the 4th quarter. Jones Financial Companies Lllp now owns 200 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 48 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Teledyne Technologies

In other Teledyne Technologies news, EVP Melanie Susan Cibik sold 706 shares of Teledyne Technologies stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $519.96, for a total value of $367,091.76. Following the completion of the sale, the executive vice president now owns 26,529 shares in the company, valued at $13,794,018.84. The trade was a 2.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Cynthia Y. Belak sold 5,745 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $508.34, for a total transaction of $2,920,413.30. Following the transaction, the vice president now owns 4,962 shares in the company, valued at approximately $2,522,383.08. The trade was a 53.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,571 shares of company stock worth $17,709,721 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Teledyne Technologies Price Performance

Shares of NYSE:TDY opened at $500.16 on Thursday. Teledyne Technologies Incorporated has a one year low of $355.41 and a one year high of $522.50. The stock has a market cap of $23.43 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The business’s fifty day moving average price is $501.65 and its two-hundred day moving average price is $476.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.61 and a current ratio of 2.33.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business posted $5.44 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts forecast that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TDY shares. UBS Group assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $585.00 target price on shares of Teledyne Technologies in a research report on Wednesday, February 5th. Bank of America raised their price target on Teledyne Technologies from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, March 17th. Finally, StockNews.com lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Teledyne Technologies has a consensus rating of “Moderate Buy” and an average price target of $548.00.

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.