New York State Teachers Retirement System Cuts Holdings in Teledyne Technologies Incorporated (NYSE:TDY)

New York State Teachers Retirement System decreased its position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,688 shares of the scientific and technical instruments company's stock after selling 3,838 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Teledyne Technologies worth $17,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDY. Vanguard Group Inc. lifted its holdings in Teledyne Technologies by 0.3% in the first quarter. Vanguard Group Inc. now owns 5,534,111 shares of the scientific and technical instruments company's stock valued at $2,375,905,000 after buying an additional 16,189 shares during the period. Janus Henderson Group PLC boosted its position in shares of Teledyne Technologies by 3.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,574,679 shares of the scientific and technical instruments company's stock valued at $676,041,000 after purchasing an additional 48,397 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Teledyne Technologies by 17.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,091 shares of the scientific and technical instruments company's stock worth $480,355,000 after purchasing an additional 186,849 shares during the period. Earnest Partners LLC grew its stake in Teledyne Technologies by 3.5% during the second quarter. Earnest Partners LLC now owns 398,642 shares of the scientific and technical instruments company's stock worth $154,665,000 after purchasing an additional 13,576 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Teledyne Technologies by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 375,265 shares of the scientific and technical instruments company's stock valued at $145,594,000 after buying an additional 32,339 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

TDY has been the subject of several recent analyst reports. StockNews.com raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Needham & Company LLC raised their price target on shares of Teledyne Technologies from $482.00 to $528.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Vertical Research began coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They set a "buy" rating and a $470.00 price objective on the stock. Finally, TD Cowen increased their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Teledyne Technologies has an average rating of "Moderate Buy" and an average price target of $474.50.

Teledyne Technologies Stock Down 0.0 %

TDY stock traded down $0.12 during midday trading on Friday, reaching $455.20. 192,224 shares of the company's stock traded hands, compared to its average volume of 239,389. Teledyne Technologies Incorporated has a 52 week low of $355.41 and a 52 week high of $475.73. The company has a market cap of $21.21 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 3.19 and a beta of 1.01. The firm's fifty day moving average price is $440.16 and its 200-day moving average price is $412.52. 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 (NYSE:TDY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.13. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The firm's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.05 EPS. As a group, sell-side analysts forecast that Teledyne Technologies Incorporated will post 19.44 earnings per share for the current fiscal year.

Teledyne Technologies 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.