8,700 Shares in Teledyne Technologies Incorporated (TDY) Purchased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board acquired a new stake in shares of Teledyne Technologies Incorporated (NYSE:TDY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,700 shares of the scientific and technical instruments company’s stock, valued at approximately $1,576,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Whittier Trust Co. lifted its holdings in Teledyne Technologies by 2.0% during the 4th quarter. Whittier Trust Co. now owns 15,472 shares of the scientific and technical instruments company’s stock valued at $2,803,000 after buying an additional 310 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Teledyne Technologies by 9.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,258 shares of the scientific and technical instruments company’s stock valued at $678,000 after buying an additional 353 shares in the last quarter. Stifel Financial Corp lifted its holdings in Teledyne Technologies by 2.8% during the 3rd quarter. Stifel Financial Corp now owns 13,287 shares of the scientific and technical instruments company’s stock valued at $2,112,000 after buying an additional 365 shares in the last quarter. Cardinal Capital Management lifted its holdings in Teledyne Technologies by 7.4% during the 3rd quarter. Cardinal Capital Management now owns 5,674 shares of the scientific and technical instruments company’s stock valued at $903,000 after buying an additional 393 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in Teledyne Technologies by 4.5% during the 3rd quarter. Aperio Group LLC now owns 10,138 shares of the scientific and technical instruments company’s stock valued at $1,614,000 after buying an additional 440 shares in the last quarter. Institutional investors own 83.34% of the company’s stock.

Shares of Teledyne Technologies Incorporated (NYSE:TDY) opened at $193.50 on Tuesday. Teledyne Technologies Incorporated has a twelve month low of $121.58 and a twelve month high of $201.40. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.90 and a quick ratio of 1.15. The company has a market cap of $6,860.00, a PE ratio of 31.01, a PEG ratio of 3.42 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.74 by $0.21. Teledyne Technologies had a net margin of 9.60% and a return on equity of 14.24%. The business had revenue of $704.40 million during the quarter, compared to analyst estimates of $669.25 million. During the same quarter in the previous year, the business posted $1.64 EPS. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. sell-side analysts expect that Teledyne Technologies Incorporated will post 7.55 earnings per share for the current year.

In other news, Director Simon M. Lorne sold 4,958 shares of Teledyne Technologies stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $181.64, for a total value of $900,571.12. Following the transaction, the director now owns 30,297 shares of the company’s stock, valued at approximately $5,503,147.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Cynthia Y. Belak sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $185.19, for a total transaction of $740,760.00. Following the completion of the transaction, the vice president now directly owns 6,903 shares in the company, valued at approximately $1,278,366.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,652 shares of company stock valued at $3,050,124. Company insiders own 3.30% of the company’s stock.

Several research firms have recently commented on TDY. Needham & Company LLC boosted their price target on shares of Teledyne Technologies to $205.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research lowered shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine lowered shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group boosted their price target on shares of Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $196.00.

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Teledyne Technologies Company 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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