National Pension Service Has $36.06 Million Position in Teledyne Technologies Incorporated (NYSE:TDY)

National Pension Service lowered its holdings in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,393 shares of the scientific and technical instruments company's stock after selling 2,509 shares during the quarter. National Pension Service owned 0.18% of Teledyne Technologies worth $36,060,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tortoise Investment Management LLC lifted its stake in Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company's stock valued at $29,000 after buying an additional 24 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Teledyne Technologies by 4.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company's stock worth $298,000 after purchasing an additional 26 shares during the period. Summit Trail Advisors LLC increased its holdings in Teledyne Technologies by 3.9% during the 2nd quarter. Summit Trail Advisors LLC now owns 720 shares of the scientific and technical instruments company's stock worth $279,000 after purchasing an additional 27 shares in the last quarter. Linscomb Wealth Inc. raised its stake in shares of Teledyne Technologies by 4.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 695 shares of the scientific and technical instruments company's stock valued at $270,000 after purchasing an additional 29 shares during the period. Finally, MJP Associates Inc. ADV lifted its holdings in shares of Teledyne Technologies by 5.6% in the second quarter. MJP Associates Inc. ADV now owns 604 shares of the scientific and technical instruments company's stock valued at $234,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Price Performance

Shares of TDY stock traded down $3.36 during trading hours on Thursday, reaching $477.38. The company's stock had a trading volume of 249,768 shares, compared to its average volume of 240,212. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $483.52. The company has a market capitalization of $22.25 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 3.21 and a beta of 1.01. The firm's 50 day simple moving average is $442.66 and its 200-day simple moving average is $413.97.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $5.05 earnings per share. The business's quarterly revenue was up 2.9% on a year-over-year basis. Sell-side analysts forecast that Teledyne Technologies Incorporated will post 19.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TDY. Vertical Research started coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $470.00 target price on the stock. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $482.00 to $528.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. TD Cowen increased their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $474.50.

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.