Public Employees Retirement Association of Colorado Sells 62 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

Public Employees Retirement Association of Colorado lessened its position in Teledyne Technologies Incorporated (NYSE:TDY) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,322 shares of the scientific and technical instruments company’s stock after selling 62 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.12% of Teledyne Technologies worth $22,628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC acquired a new position in shares of Teledyne Technologies during the 4th quarter worth about $214,000. UBS Group AG lifted its holdings in shares of Teledyne Technologies by 264.5% during the fourth quarter. UBS Group AG now owns 58,834 shares of the scientific and technical instruments company’s stock worth $26,257,000 after buying an additional 42,691 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of Teledyne Technologies in the fourth quarter valued at approximately $239,000. Corient Private Wealth LLC grew its stake in shares of Teledyne Technologies by 5.3% in the fourth quarter. Corient Private Wealth LLC now owns 4,209 shares of the scientific and technical instruments company’s stock worth $1,878,000 after acquiring an additional 210 shares during the last quarter. Finally, TCW Group Inc. increased its position in Teledyne Technologies by 3.8% during the fourth quarter. TCW Group Inc. now owns 20,437 shares of the scientific and technical instruments company’s stock worth $9,119,000 after acquiring an additional 740 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $432.13 on Friday. The firm has a market capitalization of $20.47 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a 12-month low of $355.41 and a 12-month high of $448.19. The firm has a 50-day moving average price of $417.58 and a 200 day moving average price of $406.46.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS 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 the consensus estimate of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. Teledyne Technologies’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $4.67 EPS. Research analysts anticipate that Teledyne Technologies Incorporated will post 19.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TDY has been the topic of several research analyst reports. Needham & Company LLC raised their price target 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. Vertical Research initiated coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price on the stock. Finally, StockNews.com cut Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Teledyne Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $471.17.

Teledyne Technologies Company 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.