New York State Common Retirement Fund Buys 1,500 Shares of Teledyne Technologies Incorporated (TDY)

New York State Common Retirement Fund grew its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 0.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 335,839 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,500 shares during the period. New York State Common Retirement Fund owned about 0.95% of Teledyne Technologies worth $53,459,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Legal & General Group Plc lifted its position in shares of Teledyne Technologies by 17.5% during the 2nd quarter. Legal & General Group Plc now owns 38,093 shares of the scientific and technical instruments company’s stock valued at $4,861,000 after acquiring an additional 5,675 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Teledyne Technologies by 1.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,045,183 shares of the scientific and technical instruments company’s stock valued at $133,417,000 after acquiring an additional 16,136 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Teledyne Technologies during the 3rd quarter valued at $680,000. SG Americas Securities LLC lifted its position in shares of Teledyne Technologies by 37.8% during the 2nd quarter. SG Americas Securities LLC now owns 9,676 shares of the scientific and technical instruments company’s stock valued at $1,235,000 after acquiring an additional 2,655 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Teledyne Technologies during the 2nd quarter valued at $4,578,000. Institutional investors own 84.11% of the company’s stock.

Shares of Teledyne Technologies Incorporated (TDY) traded down $2.40 during trading hours on Wednesday, reaching $179.52. 100,400 shares of the company’s stock traded hands, compared to its average volume of 164,905. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.98. Teledyne Technologies Incorporated has a 52 week low of $119.67 and a 52 week high of $186.54. The firm has a market cap of $6,446.61, a P/E ratio of 27.52, a P/E/G ratio of 3.62 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.34. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The company had revenue of $662.20 million for the quarter, compared to the consensus estimate of $656.20 million. During the same period in the previous year, the business earned $1.46 EPS. The company’s revenue was up 25.7% on a year-over-year basis. analysts expect that Teledyne Technologies Incorporated will post 6.7 EPS for the current year.

In other Teledyne Technologies news, SVP Jason Vanwees sold 4,500 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $182.83, for a total transaction of $822,735.00. Following the sale, the senior vice president now directly owns 33,659 shares of the company’s stock, valued at approximately $6,153,874.97. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sue Main sold 7,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $183.88, for a total transaction of $1,287,160.00. Following the sale, the chief financial officer now directly owns 40,874 shares in the company, valued at $7,515,911.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,406 shares of company stock worth $3,743,275. Company insiders own 3.30% of the company’s stock.

A number of brokerages have recently commented on TDY. ValuEngine downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Jefferies Group increased their price objective on Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Needham & Company LLC increased their price objective on Teledyne Technologies from $157.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Teledyne Technologies presently has a consensus rating of “Hold” and a consensus price target of $175.33.

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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.

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

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