Teledyne Technologies Incorporated (TDY) Stake Increased by California Public Employees Retirement System

California Public Employees Retirement System grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,500 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,000 shares during the quarter. California Public Employees Retirement System owned about 0.23% of Teledyne Technologies worth $10,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Citigroup Inc. boosted its holdings in shares of Teledyne Technologies by 953.1% during the 2nd quarter. Citigroup Inc. now owns 5,729 shares of the scientific and technical instruments company’s stock valued at $731,000 after acquiring an additional 5,185 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Teledyne Technologies in the 2nd quarter worth approximately $1,559,000. New York State Common Retirement Fund lifted its stake in shares of Teledyne Technologies by 14.1% in the 2nd quarter. New York State Common Retirement Fund now owns 334,339 shares of the scientific and technical instruments company’s stock worth $42,678,000 after purchasing an additional 41,199 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Teledyne Technologies by 7.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,120 shares of the scientific and technical instruments company’s stock worth $909,000 after purchasing an additional 490 shares during the period. Finally, Laurion Capital Management LP bought a new position in shares of Teledyne Technologies in the 2nd quarter worth approximately $6,251,000. 82.85% of the stock is currently owned by hedge funds and other institutional investors.

In other Teledyne Technologies news, VP Melanie Susan Cibik sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $146.20, for a total value of $584,800.00. Following the sale, the vice president now owns 26,280 shares in the company, valued at approximately $3,842,136. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jason Vanwees sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $147.07, for a total value of $882,420.00. Following the completion of the sale, the senior vice president now owns 35,159 shares in the company, valued at approximately $5,170,834.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,000 shares of company stock worth $2,060,420. Insiders own 3.30% of the company’s stock.

Several brokerages have recently weighed in on TDY. Needham & Company LLC reiterated a “buy” rating and issued a $157.00 price objective (up previously from $148.00) on shares of Teledyne Technologies in a research note on Wednesday, August 9th. Jefferies Group LLC reiterated a “hold” rating and issued a $145.00 price objective (up previously from $140.00) on shares of Teledyne Technologies in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research note on Tuesday, August 8th. ValuEngine cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, BidaskClub upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $157.67.

Teledyne Technologies Incorporated (TDY) opened at 163.02 on Friday. The stock has a 50 day moving average of $154.09 and a 200 day moving average of $137.61. The company has a market cap of $5.76 billion, a PE ratio of 30.06 and a beta of 0.99. Teledyne Technologies Incorporated has a 52 week low of $101.90 and a 52 week high of $163.86.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.49. Teledyne Technologies had a return on equity of 13.80% and a net margin of 8.44%. The business had revenue of $671.10 million for the quarter, compared to analyst estimates of $636.18 million. During the same quarter in the prior year, the firm posted $1.32 EPS. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. Equities research analysts predict that Teledyne Technologies Incorporated will post $5.69 EPS for the current fiscal year.

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Teledyne Technologies Profile

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

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

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