State Treasurer State of Michigan Has $2.12 Million Stake in Teledyne Technologies Incorporated (TDY)

State Treasurer State of Michigan cut its position in shares of Teledyne Technologies Incorporated (NYSE:TDY) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,300 shares of the scientific and technical instruments company’s stock after selling 1,200 shares during the quarter. State Treasurer State of Michigan’s holdings in Teledyne Technologies were worth $2,117,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC purchased a new position in shares of Teledyne Technologies during the second quarter valued at $280,989,000. Principal Financial Group Inc. boosted its position in Teledyne Technologies by 85.5% during the second quarter. Principal Financial Group Inc. now owns 268,662 shares of the scientific and technical instruments company’s stock valued at $34,295,000 after purchasing an additional 123,831 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Teledyne Technologies by 56.2% during the second quarter. Goldman Sachs Group Inc. now owns 212,871 shares of the scientific and technical instruments company’s stock valued at $27,173,000 after purchasing an additional 76,567 shares during the last quarter. State Street Corp boosted its position in Teledyne Technologies by 4.9% during the first quarter. State Street Corp now owns 1,260,869 shares of the scientific and technical instruments company’s stock valued at $159,450,000 after purchasing an additional 58,466 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in Teledyne Technologies by 1,189.9% during the second quarter. Cubist Systematic Strategies LLC now owns 54,989 shares of the scientific and technical instruments company’s stock valued at $7,019,000 after purchasing an additional 50,726 shares during the last quarter. Institutional investors own 83.11% of the company’s stock.

Shares of Teledyne Technologies Incorporated (NYSE:TDY) opened at $180.63 on Friday. The firm has a market capitalization of $6,400.81, a P/E ratio of 27.33, a PEG ratio of 3.59 and a beta of 1.01. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64. Teledyne Technologies Incorporated has a 12 month low of $116.51 and a 12 month high of $185.66.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.62 by $0.34. The business had revenue of $662.20 million for the quarter, compared to the consensus estimate of $656.20 million. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. Teledyne Technologies’s revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 EPS. sell-side analysts predict that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current year.

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In related news, Director Roxanne S. Austin sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $148.30, for a total value of $593,200.00. Following the completion of the sale, the director now owns 11,458 shares in the company, valued at approximately $1,699,221.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jason Vanwees sold 4,500 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $182.83, for a total transaction of $822,735.00. Following the completion of the sale, the senior vice president now owns 33,659 shares of the company’s stock, valued at approximately $6,153,874.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,500 shares of company stock worth $2,703,095. Company insiders own 3.30% of the company’s stock.

A number of analysts recently issued reports on the company. Jefferies Group LLC lifted their price objective on Teledyne Technologies from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Needham & Company LLC boosted their price target on Teledyne Technologies from $157.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. ValuEngine cut Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research cut Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Teledyne Technologies presently has an average rating of “Hold” and a consensus price target of $175.33.

About Teledyne Technologies

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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