Teledyne Technologies Incorporated (NYSE:TDY) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 3.7% during the third quarter, Holdings Channel.com reports. The firm owned 2,600 shares of the scientific and technical instruments company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Teledyne Technologies were worth $1,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Elwood & Goetz Wealth Advisory Group LLC purchased a new stake in shares of Teledyne Technologies during the 3rd quarter valued at approximately $205,000. International Assets Investment Management LLC increased its stake in Teledyne Technologies by 44,457.2% during the third quarter. International Assets Investment Management LLC now owns 73,965 shares of the scientific and technical instruments company’s stock worth $32,372,000 after acquiring an additional 73,799 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Teledyne Technologies by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 876 shares of the scientific and technical instruments company’s stock valued at $383,000 after purchasing an additional 38 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Teledyne Technologies by 4.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 14,261 shares of the scientific and technical instruments company’s stock valued at $6,241,000 after purchasing an additional 596 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Teledyne Technologies by 3.8% during the 3rd quarter. Whittier Trust Co. now owns 32,306 shares of the scientific and technical instruments company’s stock worth $14,139,000 after purchasing an additional 1,192 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TDY has been the topic of several research analyst reports. Vertical Research assumed coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective on the stock. Needham & Company LLC upped their price objective 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. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen boosted their target price on Teledyne Technologies from $450.00 to $500.00 and gave the company 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $474.50.

Teledyne Technologies Stock Down 0.0 %

Shares of TDY opened at $455.20 on Friday. The company’s 50-day simple moving average is $440.16 and its 200-day simple moving average is $412.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. Teledyne Technologies Incorporated has a 1 year low of $355.41 and a 1 year high of $475.73. The stock has a market capitalization of $21.21 billion, a PE ratio of 23.01, a P/E/G ratio of 3.19 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $5.05 EPS. 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.