New York State Teachers Retirement System Acquires 3,907 Shares of Teledyne Technologies Incorporated (NYSE:TDY)

New York State Teachers Retirement System lifted its stake in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,595 shares of the scientific and technical instruments company's stock after purchasing an additional 3,907 shares during the period. New York State Teachers Retirement System owned 0.09% of Teledyne Technologies worth $20,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brooklyn Investment Group bought a new stake in Teledyne Technologies in the 3rd quarter valued at $32,000. Wilmington Savings Fund Society FSB bought a new stake in Teledyne Technologies in the 3rd quarter valued at $39,000. Newbridge Financial Services Group Inc. bought a new stake in Teledyne Technologies in the 4th quarter valued at $46,000. Exchange Traded Concepts LLC raised its stake in Teledyne Technologies by 432.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 133 shares of the scientific and technical instruments company's stock valued at $58,000 after acquiring an additional 108 shares during the period. Finally, Salem Investment Counselors Inc. raised its stake in Teledyne Technologies by 85.5% in the 4th quarter. Salem Investment Counselors Inc. now owns 230 shares of the scientific and technical instruments company's stock valued at $107,000 after acquiring an additional 106 shares during the period. Institutional investors own 91.58% of the company's stock.

Teledyne Technologies Price Performance

NYSE:TDY traded down $0.88 during trading hours on Thursday, hitting $501.19. The company's stock had a trading volume of 140,754 shares, compared to its average volume of 246,362. Teledyne Technologies Incorporated has a twelve month low of $355.41 and a twelve month high of $522.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The company has a market capitalization of $23.36 billion, a P/E ratio of 29.09, a PEG ratio of 3.11 and a beta of 1.03. The stock has a fifty day simple moving average of $484.46 and a 200-day simple moving average of $459.91.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.23 by $0.29. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $5.44 earnings per share. On average, analysts anticipate that Teledyne Technologies Incorporated will post 21.55 EPS for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 2,025 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total value of $968,456.25. Following the transaction, the director now directly owns 54,935 shares of the company's stock, valued at approximately $26,272,663.75. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO George C. Bobb III sold 6,308 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $507.77, for a total value of $3,203,013.16. Following the completion of the transaction, the chief operating officer now directly owns 10,482 shares in the company, valued at approximately $5,322,445.14. This trade represents a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,190 shares of company stock valued at $16,386,864. 2.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $585.00 price target on shares of Teledyne Technologies in a research note on Wednesday, February 5th. Bank of America upgraded Teledyne Technologies from a "neutral" rating to a "buy" rating and increased their price target for the company from $450.00 to $550.00 in a research note on Friday, November 8th. TD Cowen increased their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, UBS Group assumed coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They set a "buy" rating and a $585.00 price objective on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $538.00.

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.