Texas Permanent School Fund Corp Sells 1,942 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Texas Permanent School Fund Corp decreased its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 19.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,813 shares of the scientific and technical instruments company’s stock after selling 1,942 shares during the period. Texas Permanent School Fund Corp’s holdings in Teledyne Technologies were worth $3,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Choreo LLC purchased a new position in shares of Teledyne Technologies during the 2nd quarter worth approximately $241,000. Wedbush Securities Inc. grew its holdings in shares of Teledyne Technologies by 10.4% during the 2nd quarter. Wedbush Securities Inc. now owns 1,098 shares of the scientific and technical instruments company’s stock worth $426,000 after acquiring an additional 103 shares during the period. Oak Thistle LLC purchased a new position in shares of Teledyne Technologies during the 2nd quarter worth approximately $249,000. Emerald Advisers LLC purchased a new position in shares of Teledyne Technologies during the 2nd quarter worth approximately $551,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Teledyne Technologies during the 2nd quarter worth approximately $373,000. Institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

Teledyne Technologies stock opened at $427.75 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $20.27 billion, a P/E ratio of 23.13, a PEG ratio of 3.00 and a beta of 1.02. The stock’s 50 day moving average is $413.34 and its 200 day moving average is $406.05. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $448.19.

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

Analyst Ratings Changes

A number of research firms have weighed in on TDY. Vertical Research began coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price on the stock. Needham & Company LLC upped their target price on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, StockNews.com downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and an average target price of $471.17.

About Teledyne Technologies

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.