Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 15.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,745 shares of the scientific and technical instruments company's stock after selling 1,190 shares during the period. State of Alaska Department of Revenue's holdings in Teledyne Technologies were worth $2,951,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Teledyne Technologies by 20.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,683 shares of the scientific and technical instruments company's stock valued at $723,000 after acquiring an additional 280 shares during the period. Norden Group LLC raised its holdings in shares of Teledyne Technologies by 23.2% in the first quarter. Norden Group LLC now owns 2,647 shares of the scientific and technical instruments company's stock valued at $1,136,000 after buying an additional 498 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Teledyne Technologies in the first quarter valued at about $994,000. BNP Paribas Financial Markets grew its holdings in shares of Teledyne Technologies by 50.1% during the first quarter. BNP Paribas Financial Markets now owns 32,913 shares of the scientific and technical instruments company's stock worth $14,130,000 after buying an additional 10,982 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Teledyne Technologies by 12.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,544 shares of the scientific and technical instruments company's stock valued at $7,103,000 after acquiring an additional 1,852 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

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

Teledyne Technologies Price Performance

NYSE TDY traded down $0.12 during trading hours on Friday, reaching $455.20. The company's stock had a trading volume of 178,090 shares, compared to its average volume of 240,039. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. The stock has a market cap of $21.21 billion, a PE ratio of 23.03, a PEG ratio of 3.23 and a beta of 1.01. The company's 50-day moving average is $439.51 and its two-hundred day moving average is $412.14. Teledyne Technologies Incorporated has a fifty-two week low of $355.41 and a fifty-two week high of $475.73.

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

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.